TITLE

Producer objects to Ipiranga takeover

AUTHOR(S)
Martin, George
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the objection regarding Braskem's takeover of Ipiranga in Brazil. Boris Gorentzvaig, owner of Petroplastic, which controls 14% of the Petroquimica Triunfo low density propylene plant, will file a complaint with the country's federal antimonopoly regulator. Petroplastic believes that if the Ipiranga deal goes through, any expansion intentions by Triunfo will be thwarted by Braskem, a competing company in the field of thermoplastic resins.
ACCESSION #
25393708

 

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