BAK Braskem SA

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2023

(Commission File No. 1-14862 )

 

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BRASKEM S.A.

(Exact Name as Specified in its Charter)

 

N/A

(Translation of registrant's name into English)

 

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Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil

(Address of principal executive offices)

 

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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___       Form 40-F ______

 

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____

 

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ______       No ___X___

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.

 

NOTICE ON RELATED-PARTY TRANSACTIONS

 

São Paulo, November 29, 2023 - Braskem S.A. (“Braskem”), in compliance with article 33, XXXII of CVM Resolution 80/2022, hereby informs its shareholders and the market in general of the following transaction between related parties:

Parties	Braskem, Atvos Participações S/A (“Atvos”) and Usina Conquista do Pontal S.A. (“UCP”)
Relationship with the issuer	Related to Braskem, on the date of approval of the contract.
Purpose	Contract for the purchase of ethanol by Braskem, for the Q2-RS unit, from the Conquista do Pontal-SP plant.
Key terms and conditions	Purchase of 4,000 m³/month of hydrated ethanol with flexibility of 10% of the monthly volume for the period of 7 months, from November 23 to May 24 (inclusive), totaling a volume of 28,000 m³ and the total estimated value of the agreement of up to R$110,000,000.00. There is flexibility of ±10% in the monthly volume, according to Braskem's request. The price will be calculated monthly based on the ESALQ-SP index for Hydrated Ethanol/Fuel. The payment will be made up to 90 days from the date of invoicing. The agreement may be terminated in the event of (a) bankruptcy, (b) a change in Braskem's shareholders, or a corporate operation that affects Braskem's corporate composition and the execution of the Agreement without the prior express consent of the other party, (c) if any partner or administrator of either party is convicted of a felony or misdemeanor, or if a party is involved in conduct that may compromise the reputation of the other Party, (d) suspension, cancellation or revocation of any license necessary for the execution of the agreement by UCP, (e) failure to comply with any obligations that are not remedied within 15 (fifteen) days from receipt of written notice by the offending party, (f) finding of untrue statements; and/or (g) without just cause upon 60 (sixty) days' prior notice and payment of a compensatory penalty.
Date of signing of the Amendment	November 21, 2023

 

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Any participation by the counterparty, its partners, or managers in the issuer’s decision-making process or in the negotiation of the transaction as representatives of the issuer

The counterparty and its partners and managers have not participated in Braskem’s decision process or in the negotiations of the mentioned agreements.

Detailed justification of the reasons why the management of the issuer believes the transaction was carried out on an arm’s length basis or involves adequate compensatory payment

The issuer requested proposals from Braskem's current suppliers and from other suppliers, and Atvos submitted the most competitive proposal, with the most competitive additional volume price and, in some cases, a price lower than that provided for in some current agreements. In addition, in the comparison with new suppliers, the proposal was more competitive not only because of the logistical and financial aspects, but also because it was more in line with Braskem's required compliance and sustainability standards.

 

 

 

 

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 29, 2023

	BRASKEM S.A.
	By:	/s/     Pedro van Langendonck Teixeira de Freitas
		Name:	Pedro van Langendonck Teixeira de Freitas
		Title:	Chief Financial Officer

 

DISCLAIMER ON FORWARD-LOOKING STATEMENTS

 

This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including any potential or projected impact of the geological event in Alagoas and related legal proceedings and of COVID-19 on our business, financial condition and operating results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the potential outcome of legal and administrative proceedings, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of the our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors, including the projected impact of the geological event in Alagoas and related legal proceedings and the unprecedented impact of COVID-19 pandemic on our business, employees, service providers, stockholders, investors and other stakeholders, could cause actual results to differ materially from current expectations. Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.

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