Itaú Questions Odebrecht Bankruptcy Judge Decision On Braskem

Brazilian bank Itaú Unibanco Holding SA is questioning a decision by the judge in charge of Odebrecht bankruptcy related to a stake owned by the conglomerate in petrochemical producer Braskem SA, Brazilian newspaper Valor Economico reported on Tuesday. Itaú has not formally challenged the judge decision, but just asked the judge to reconsider it, Valor said, citing people with knowledge of the matter, Reuters reported. Odebrecht and Itau did not immediately reply to requests for comment. The case is under seal and not publicly available. The judge in the case agreed last week with a request by Odebrecht to include the Braskem shares as assets in the bankruptcy. Read more

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