AMERICAS DISTRESS DAILY: Petrobras Weighs Options for Braskem

Oct. 2, 2025, 12:27 PM UTC

Petrobras Board is strategizing about how to position itself if Braskem SA is restructured as the crisis at the petrochemicals giant escalates. The company has not ruled out injecting capital into Braskem.

  • Braskem’s troubles have led to a significant decline in its bond value, with a majority of its bonds trading at about 37 cents on the dollar and yields on some notes surging to 33%.
  • Petrobras is monitoring talks involving Novonor, Braskem’s co-owner, and potential bidders, as Novonor seeks to divest its stake in Braskem as part of a long-running restructuring process.

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