The Rio Times
Americas · 1 hrs ago
A Bank’s Lawsuit Threatens to Unwind the Braskem Control Sale
Markets Key Facts —The move. Banco Safra has asked a São Paulo court to suspend the sale of control of Braskem to an IG4-backed fund. —The claim. Safra is a creditor owed about $105 million and argues the deal wrongly shields the buyer from inherited debts. —The argument. The bank says debt-free transfers apply only […]
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