Judge allows creditor banks to sell Braskem shares
The Justice of São Paulo ruled on Wednesday that creditor banks of Odebrecht, if they wish, can sell shares in Braskem that the bankruptcy conglomerate offered as collateral, even during its in-court restructuring process. But the banks are unlikely to do so. They continue negotiating with the company and are even worried about the precedent that such ruling could create, sources say. Odebrecht filed for bankruptcy protection last June, claiming debts worth R$98 billion, and had...
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