Mr. Braskem signed an agreement with the state government of Alagoas to pay R$1.2 billion in compensation for damage caused by land subsidence that affected several neighborhoods in Maceio.
This amount will be paid in annual installments over 10 years, of which R$139 million has already been paid. The announcement was made in a company statement to investors on Monday night (10th).
“The signing of the agreement represents an important and important step forward for the company regarding the impacts arising from geological events in the state of Alagoas,” the company said.
The installments will be variable and will be determined based on the company’s solvency, Braskem said.
The agreement, which is still awaiting judicial approval, provides for the extinguishment of lawsuits brought by the state against Braskem.
We contacted the state government but have not yet received a response.
This agreement was criticized by the MUVB (United Victims’ Movement of Braskem). Secretary Mauricio Sarmento said the amount was far lower than the state government’s own estimate of 30 billion reais in damages. He called the deal a disgrace.
“Meanwhile, the people will be left with a bill of 5 billion reais, which is the amount the government plans to invest in the urban restructuring of Maceio, a cost that should actually be borne entirely by the criminal Braskem,” he said.
In 2023, one of Braskem’s salt mining mines in Maceio collapsed, further exacerbating the impacts already recorded in the region. This is the culmination of a long-standing housing and environmental problem that has left vacant properties in areas close to the company’s operations, including Mutange, Bebedouro and Bon Part.
In the same year, Mr. Braskem signed a contract worth R$1.7 billion with Maceio City Hall to compensate for losses caused by the company and vacancies.
Braskem shares rose more than 18% on Tuesday (11th) following the announcement of the agreement and the possible departure of Novonor (formerly Odebrecht) from the shareholder group.
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