Petrobras and IG4 pull $1.4bn funding offer for Braskem as debt talks hit snags

Petrobras and its partner IG4 have withdrawn their $1.4 billion capital injection offer for Braskem after debt restructuring talks with creditors broke down. Creditors in New York rejected a broader proposal that included a $3.8 billion debt conversion, marking a setback in Braskem's ongoing financial negotiations.

Detected & updated continuously · Source: Nebula