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Brazil's Braskem Moves to Skip Bond Payments as a New Owner Takes Control
Braskem, the Americas' largest petrochemical maker, is preparing an out-of-court restructuring and plans to skip July and August bond coupons as IG4 takes control and Petrobras steps back.
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Timeline cronologica
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A Buyout Firm Bids to Seize Control of Brazil's Raízen
IG4, the firm that just took control of Braskem, is now bidding for Raízen, offering to buy creditor debt and take over the sugar-and-ethanol giant.
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Brazil's Braskem Moves to Skip Bond Payments as a New Owner Takes Control
Braskem, the Americas' largest petrochemical maker, is preparing an out-of-court restructuring and plans to skip July and August bond coupons as IG4 takes control and Petrobras…