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StocksUpdated•Originally published 22 April 2026•Updated 24 April 2026•

1 min read

Bradesco Downgrades Braskem to Underperform Amid Legal Probe and Financial Risks

Key Facts

1Bradesco downgraded Braskem's rating from Outperform to Underperform with the stock price at $3.64.

2Law firm Pomerantz LLP initiated an investigation into potential securities fraud or illegal business activities involving Braskem.

3Controlling shareholders Novonor and NSP Investimentos signed an agreement to sell their stake to a private equity fund.

Bradesco has downgraded Braskem (BAK) to Underperform following an investigation launched by law firm Pomerantz LLP into potential securities fraud. Financial pressures are mounting as the company grapples with widening losses and a review of its capital structure, while controlling shareholders Novonor and NSP Investimentos move to divest their stakes. In a significant update, Petrobras has officially confirmed it will not exercise its waiver rights over Novonor's stake, clarifying its stance on the ongoing transaction. This rating cut reflects heightened concerns over legal liabilities and operational instability. Investors remain cautious as the fraud probe continues and the market processes the implications of Petrobras' decision on the company's future ownership.

about 1 month ago

Version History

1 additional source confirmed this story

Version 1about 1 month ago

What changed: Petrobras officially confirmed it will not exercise waiver rights over Novonor's stake in Braskem.