Here's Why Braskem Stock Jumped Over 13% Today

Image source: Getty Images. Shares of Brazilian chemical manufacturer Braskem (NYSE: BAK) erupted over 13% Friday after the company and its parent, Odebrecht, announced they were in advanced talks with U.S. and Brazilian authorities to settle corruption charges stemming from bribes paid to Petrobras. At $2.5 billion it will be the largest foreign-corruption fine ever paid, although Braskem's share will only amount to about $700 million.Continue reading

Topics:  images   braskem nyse   bak    odebrecht   u.s    petrobras   braskem   brazilian   paid   

 

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