BUSINESSAug 18 · 06:19 UTCBLOOMBERGDorothy Ma and Giovanna Bellotti Azevedo

Braskem’s Mexico Unit Files for Chapter 11 Bankruptcy in US

Mexico’s Braskem Idesa SAPI has filed for Chapter 11 bankruptcy in the US, citing mounting financial strain and a worsening liquidity crunch. The company is described as a joint venture between Brazil’s Braskem SA and Mexican tycoon Carlos Slim.

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Braskem Idesa SAPIorganizationMexicoplaceBrazilplaceBraskemorganizationCarlos SlimpersonChapter 11 bankruptcytopic

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