Braskem deal okay

Robinson, Simon
July 2006
ICIS Chemical Business;7/31/2006, Vol. 1 Issue 30, p15
Trade Publication
The article reports on the approval of Braskem's acquisition of polyethylene producer Politeno by Cade, an anti-trust agency in Brazil. Braskem, which owns 35 percent of Politeno, paid $111.3 million to acquire the stakes owned by Suzano Petroquí and Japanese companies Sumitomo and Itochu. The company claims that the approval is an important step in the consolidation of the petrochemicals industry in Brazil.


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