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Braskem’s creditors shunned another restructuring proposal made by the company and its shareholders ahead of a key Oct. 9 deadline for a deal to rework some $11 billion of debt, people familiar with the matter said.
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independent outlets · 100% owner-diverse
The report relies on anonymous sources familiar with the negotiations to characterize the position of creditors. The language is definitive regarding the status of the restructuring proposal.
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