CORPORATEBrazil
Braskem posts R$ 1.07 billion loss in 3Q26 as leverage climbs to 6.36 times
Braskem posted a net loss of R$ 1.07 billion in 3Q26, with leverage of 6.36 times, as it negotiates a debt restructuring with creditors.
OrganizationsOrganization
Braskem
BRKM3BRKM5BRKM6
The Americas' largest petrochemical firm, jointly controlled by IG4 and Petrobras (47% of voting capital). In out-of-court reorganization since August 24, 2026 to restructure billions in debt, with Mexican subsidiary Braskem Idesa in US Chapter 11.
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Last 90 days
What sources are saying
Braskem's removal from B3's index portfolios, including the Ibovespa, took effect based on the August 25 close, under the out-of-court reorganization criterion. The case opened August 24 restructures about US$10.9 billion in debt; the framing — impasse or prior creditor adhesion — remains divided in coverage.
Updated November 14, 2026 · 7 verified articles
Market transmission
Why it matters
The stock and bonds track the reorganization's course — creditor adhesion, haircut and confirmation —, global petrochemical margins and the decisions of Petrobras and IG4 as controllers.
Explanatory mechanism, not a forecast or recommendation.Articles in chronological order
07CORPORATEBrazil
Braskem creditors submit two US$ 4 billion proposals with capital injection and debt conversion
Two creditor groups proposed to Braskem combinations of capital injection and debt-to-equity conversion of US$ 4 billion each; the board is due to review them on Nov 12, according to press sources.
CORPORATEBrazil
Creditors file involuntary Chapter 11 against Braskem America Finance in the US
Creditors holding about US$ 272 million in 2041 bonds filed on October 21 an involuntary Chapter 11 against Braskem America Finance Company, Braskem's US subsidiary, according to Bloomberg Línea and Investidor10. The filing comes amid the group's restructuring of about US$ 11 billion in debt.
CORPORATEBrazil
Shine completes Braskem tender offer auction and will hold 50.11% of voting capital
FIP Shine, linked to IG4, bought 19,983 shares in Braskem's tender offer auction, according to a material fact notice on October 16. After settlement, scheduled for October 21, it will hold 50.11% of voting capital and 34.33% of total capital, according to Money Times, Investidor10 and Times Brasil.
CORPORATEBrazil
Court sides with creditors and suspends Braskem transfers to Braskem Idesa, including a US$ 415 million financing
The 2nd Bankruptcy and Reorganization Court of São Paulo granted on September 24 an injunction requested by Braskem creditors and suspended fund transfers from the petrochemical company to its Mexican subsidiary Braskem Idesa. The ruling affects a financing of about US$ 415 million and a US$ 71 million capital injection; creditors argue the transfers reduce the equity of the Brazilian company, which is under an out-of-court reorganization. According to Valor, the court also appointed a judicial administrator.
CORPORATEBrazil
Petrobras rules out injecting funds or raising its stake in Braskem and says it expects a consensus with the petrochemical company creditors
Petrobras chief executive Magda Chambriard said on September 24 that there is no reason to talk about the state company injecting funds into Braskem and that nationalizing the petrochemical company is not within its scope. On the same day, a Petrobras director said the company believes there will be a consensus with Braskem creditors, as Braskem negotiates the restructuring of about US$ 11 billion in debt under an out-of-court reorganization. Creditors have been demanding a contribution from controlling shareholders Petrobras and IG4 as a condition for a deal.
EMPRESASBrazil
Braskem files for out-of-court reorganization and B3 removes the stock from its indexes
Braskem filed for out-of-court reorganization on August 24, at São Paulo's 2nd Bankruptcy and Reorganization Court, on the day its creditor-protection injunction expired. Per NeoFeed, the debt to be restructured is US$10.9 billion. InfoMoney recorded that B3 will remove BRKM3 and BRKM5 from 18 index portfolios, including the Ibovespa, from August 25.