Braskem creditors demand $3B from shareholders in restructuring talks

Bondholders in Braskem's extrajudicial recovery are demanding a $3 billion capital injection from controlling shareholders Petrobras and IG4 Capital. The demand escalates pressure in restructuring negotiations for the petrochemical firm, which carries R$56.5 billion in debt. Petrobras's active participation suggests potential state-backed support, but the outcome remains uncertain.