June 13, 2019 / 12:08 PM / in 5 days

Brazilian court allows petrochemical co Braskem to pay dividends - filing

SAO PAULO, June 13 (Reuters) - Brazilian petrochemical producer Braskem said on Thursday an appeals court overturned a decision blocking dividend payments.

In the filing, Braskem said the favorable ruling by the court handed down after the company offered financial guarantees. Braskem dividends are one of the few sources of cash of its controlling shareholder, Odebrecht SA. (Reporting by Ana Mano)

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