June 12, 2019 / 11:04 PM / 5 days ago

Top Brazil appeals court suspends decision preventing Braskem dividend

BRASILIA (Reuters) - Brazil’s top appeals court on Wednesday suspended a decision that prevented petrochemical company Braskem SA from holding a shareholders meeting to discuss the distribution of dividends.

The suspension is conditioned to the offer of insurance guarantees equivalent to the full amount of 2.6 billion reais ($672.30 million) in dividends to be paid, according to the court.

Writing by Gabriela Mello; Editing by Leslie Adler

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