Market Chatter: Braskem Shareholders Remove Funding Offer as Talks With Creditors Sour

03:05 PM EST, 11/06/2026 (MT Newswires) -- Braskem (BAK) shareholders have decided not to proceed with a capital injection they previously pledged as part of negotiations with the company's creditors, Bloomberg reported Friday, citing people familiar with the matter. The shareholders met with creditors this week in New York, who rejected a proposal that included $3.8 billion in debt conversion, the people reportedly said, adding that shareholders Petrobras (PBR) and IG4 opted to pull the $1.4 billion capital injection offer after the meetings. Braskem didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 1.07, Change: +0.01, Percent Change: +0.85