June 12, 2019 / 11:00 PM / 5 months ago

Top Brazil appeals court suspends decision preventing Braskem dividend

BRASILIA, June 12 (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. ($1 = 3.8673 reais) (Writing by Gabriela Mello Editing by Leslie Adler)

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