StockWatch
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Major Chemicals
ClarificationJun 24, 2026, 06:07 AM

Braskem Clarifies Maceió Geological Event News to CVM

AI Summary

Braskem S.A. responded to an official letter from the Brazilian Securities and Exchange Commission (CVM) requesting clarification on a news report alleging the company knew about Maceió soil subsidence risks since the 1980s. Braskem clarified that the news refers to the unfolding of a complaint filed by the Federal Public Prosecutor's Office (MPF), which was based on a Federal Police investigation. The company stated that the existence of the inquiry and the filing of the complaint were widely known and repeatedly disclosed in its financial statements and reference forms since May 2024, thus not constituting a new material fact.

Key Highlights

  • Braskem responded to CVM regarding news on Maceió geological event.
  • News alleged Braskem knew of soil subsidence risks since the 1980s.
  • News refers to a Federal Public Prosecutor's Office (MPF) complaint.
  • MPF complaint based on Federal Police investigation into the incident.
  • Braskem previously disclosed the MPF complaint filing since May 2024.
  • Company stated the news is not a new material fact due to prior disclosures.
  • MPF filed the complaint in October 2025 based on an October 2024 police report.