BAK News and Press, Braskem SA ADR From 08/09/23

Braskem records Recurring EBITDA of US$140 million in the quarter PR Newswire Net debt remains stable at US$4.6 billion SÃO PAULO , Aug. 9, 2023 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest r...

2023-08-04 03:26:01 ET Summary Braskem's M&A deal has raised questions about the future of the company and its appeal to shareholders. The involvement of Novonor and Petrobras in the deal adds uncertainty and regulatory challenges. The company's valuation is low for a reas...

The Brazilian bio-based ethylene facility is now operating at a capacity of 260 thousand tons per year. The celebrated expansion of the world’s first, industrial scale, bio-polyethylene comes thirteen years after Braskem’s I’m green TM bio-based plastics were ...

2023-07-19 11:55:26 ET Petrobras ( NYSE: PBR ) said Wednesday it will reduce prices for the natural gas it sells to distributors by an average 7.1% starting August 1, a move it said comes in line with global oil prices and foreign exchange rates. With the latest cut, Petrobr...

2023-07-12 12:50:06 ET Braskem ( NYSE: BAK ) +3.2% in Wednesday's trading following a report from the O Globo newspaper that said Brazil holding company J&F made a 10B reais (~$2B) proposal to buy the stake held by Novonor in the petrochemical producer. With the move...

2023-07-05 12:52:34 ET Braskem ( NYSE: BAK ) edges into positive territory after falling as much as 4% in Wednesday's trading, as the company said it still had not reached a final payment settlement to resolve complaints of earth tremors, sinking soil and damage to buildings nea...

2023-06-16 20:05:22 ET Crude oil exports out of Iran have surged to five-year highs despite U.S. sanctions, signaling something of a resurgence for the country on the world stage but also sapping confidence in an oil market already weakened by lackluster global economic growth and cheap...

2023-06-16 10:18:52 ET Braskem ( NYSE: BAK ) +2.6% in early trading Friday following reports that another buyer is interested in buying the Brazilian chemical company. Brazil's Estadao news organization reported that J&F, the holding company that controls meatpacker ...

2023-06-14 14:37:21 ET Braskem ( NYSE: BAK ) +3.5% in Wednesday's trading as HSBC upgraded the stock to Buy from Hold, saying the stock looks attractive on mid-cycle earnings, the chemical cycle has hit bottom, and there is potential for a bidding war with two bidders now in the...

2023-06-12 10:49:03 ET Braskem ( NYSE: BAK ) +8.6% in Monday's trading after reporting Unipar Carbocloro made a non-binding proposal to acquire control of the company from Novonor, Braskem's biggest shareholder with 50.1% of voting shares and 38.3% of total share capital. ...