Thursday, February 28, 2008

Braskem concludes acquisition of Ipiranga Group Petrochemical Assets

Braskem has announced that 60% of the petrochemical assets of the Ipiranga Group, consisting of the 60% interest in Ipiranga Quimica, were effectively transferred to the Company. As a result of the transaction, Braskem now holds a direct interest of 60% in Ipiranga Quimica, an indirect interest of 60% in Ipiranga Petroquimica, and a direct and indirect interest of 62.7% in Copesul. The remaining 40% of Ipiranga Quimica were delivered to Petrobras.
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