Ipiranga deal raises competition fears

Bains, Elizabeth
April 2007
ICIS Chemical Business;4/23/2007, Vol. 2 Issue 63, p6
Trade Publication
The article reports that the acquisition of Ipiranga by Petrobras, Braskem and Grupo Ultra has raised fears of monopoly in Brazil's fuel distribution and petrochemical sectors, prompting the country's competition regulator to place a temporary injunction on the deal. Petrobas' share of the fuel distribution market could increase to 50% in some parts of northern and central Brazil, potentially damaging competition. The injunction prohibits the consortium from taking any action but it does not invalidate the deal.


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