Braskem´s acquisition of Politeno is approved by the CADE

25-Jul-2006

The Administrative Council of Economic Defense - CADE unanimously approved Braskem's acquisition of Politeno. According to the company, this is an important step towards the Brazilian petrochemical consolidation process. CADE members made the decision based on the understanding that the relevant market for the petrochemical sector has an international scope and therefore the operation does not represent any threat to competition.

The acquisition of Politeno is of great relevance for Braskem. The company, which holds the 2002 National Quality Award, is an important producer of polyethylene and EVA in Camaçari, Bahia.

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