Brazil eases injunction

Bains, Elizabeth; Gibson, Jane
May 2007
ICIS Chemical Business;5/7/2007, Vol. 2 Issue 65, p6
Trade Publication
The article states that the Brazilian anti-trust authorities have relaxed some conditions of the temporary injunction placed on the Ipiranga takeover by Petrobras, Braskem and Grupo Ultra. The competition body has accepted the consortium's Transaction Reversibility Agreement, which will see all assets preserved in their current form, and it has agreed that Braskem may now take over management of the business units it has acquired.


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