Braskem SA Class A (BAK)

Oct 30, 2026

Braskem is set to join Rio de Janeiro's free natural gas market starting November 1, aiming for greater flexibility and operational efficiency. This move, enabled by a new state agreement, will allow the petrochemical company to purchase gas directly from suppliers, potentially leading to a 50% gain in gas molecule competitiveness and a 25% to 30% reduction in overall costs. The company anticipates a 2% increase in production at its Rio de Janeiro plant as a result.

Oct 29, 2026

Braskem has extended negotiations with bondholders to restructure about $11 billion in financial debt through Friday, October 30. Despite ongoing discussions, the company and its creditors have yet to agree on the final terms of an out-of-court restructuring plan. Both parties have submitted proposals, with the creditors' plan focusing on a significant debt reduction through capital injection and debt-to-equity conversion.

Oct 28, 2026

Braskem has disclosed a USD 2.25 billion rights offering proposal as part of ongoing negotiations for a USD 10.9 billion restructuring. Two competing plans exist, one from Braskem and another from investors, both involving a USD 2.25 billion equity offering but differing in debt conversion and capital commitment terms. Key milestones for the restructuring are set for October 30, 2026, and November 22, 2026.