Novonor’s Legal Troubles Cast Shadow Over Braskem’s Finances

Braskem (BRKM5) is increasingly concerned about the financial strain from an R$ 8 ($1.4) billion indemnity claim. This claim was filed by its controlling shareholder, Novonor, formerly known as Odebrecht. Local media reported this development, which has sparked significant concern. The petrochemical giant has warned that enforcing the judgment could jeopardize its financial stability. Braskem […]