Braskem Creditors Seek Petrobras Capital as Deal Deadline Looms

Braskem’s bondholders continue to press state-controlled oil giant Petrobras to inject fresh capital into the struggling petrochemical producer as time runs short to avoid filing for bankruptcy protection in an election year, according to people familiar with the matter.

By Giovanna Bellotti Azevedo, Irene García Pérez, Mariana Durao and Cristiane Lucchesi