Braskem SA (BAK) has released an update.
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Braskem SA’s Board of Directors has approved a significant financial strategy to issue new debt securities and offer to repurchase existing ones, aimed at qualified institutional investors primarily outside Brazil and the USA. The unanimously agreed move, orchestrated by the Board, will involve engaging financial institutions to manage the process and execute necessary contracts to formalize the issuance and repurchase offer. This strategic financial maneuver is intended to optimize the company’s capital market activities.
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