Braskem’s Mexico Unit Files for Chapter 11 Bankruptcy in US
Mexico’s Braskem Idesa SAPI, a joint venture between Brazil’s Braskem SA and the conglomerate of Mexican tycoon Carlos Slim, has filed for bankruptcy protection as mounting financial strain and a...
By Dorothy Ma and Giovanna Bellotti Azevedo · Bloomberg Markets
Mexico’s Braskem Idesa SAPI, a joint venture between Brazil’s Braskem SA and the conglomerate of Mexican tycoon Carlos Slim, has filed for bankruptcy protection as mounting financial strain and a worsening liquidity crunch weigh on the company.