|Bid||6.65 x N/A|
|Ask||6.85 x N/A|
|Day's Range||6.30 - 6.30|
|52 Week Range||5.55 - 11.40|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 19, 2022|
|1y Target Est||23.31|
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(Bloomberg) -- Bonds in Latin America’s largest petrochemical company Braskem SA are getting hammered as the collapse of a salt mine it operated in northeastern Brazil sinks parts of a city of one million people into the sands.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune S&P 500 Erases ADP-Fueled Gains as Oil T
Brazilian petrochemical producer Braskem is facing a new 1 billion real ($203 million) lawsuit over damages that its salt mines have caused sinking ground in the city of Maceio and forced evacuations, the company said on Thursday. The lawsuit, which state and federal prosecutors filed against the company and the city, seeks an expanded risk area related to ground subsidence and requiring Braskem to compensate more families. The announcement comes after Maceio's civil defense office warned on Wednesday that Braskem's salt mine number 18, located near a lake in the Mutange neighborhood, was at imminent risk of collapse.
PHILADELPHIA, November 28, 2023--Please replace the release dated November 20, 2023 with the following corrected version due to multiple revisions.