Braskem Evaluates Court Protection as R$10.3 Billion Loss Triggers Going Concern Warning

Key Points — Braskem, Latin America’s largest petrochemical company, is evaluating court protection against creditors in Brazil — or potentially full bankruptcy — after its financial position deteriorated sharply — The company reported R$10.3 billion ($1.8 billion) in Q4 losses — double the prior year — and issued a going concern warning, saying it may […] The post Braskem Evaluates Court Protection as R$10.3 Billion Loss Triggers Going Concern Warning appeared first on The Rio Times .

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