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Market Impact: 0.35
Braskem Shareholders Pull Funding Offer as Debt Talks Hit Snags
Source: Bloomberg
Credit & Bond MarketsM&A & RestructuringCompany Fundamentals
Talks between Braskem SA and its creditors over an out-of-court debt rework have soured, according to people familiar with the matter. Shareholders have taken a proposed capital injection off the table, removing a potential source of support for the restructuring.
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