Friday, January 15, 2010

A judge clears path for resumption of merger talks between Braskem and Quattor

A Rio de Janeiro judge has removed an injunction prohibiting negotiations between two Brazilian petrochemicals majors Braskem and Quattor. A possible merger between the two will result in further conssolidation of the Brazilian petrochemicals industry, leading to virtual monopoly in Brazil, as Quattor is feared to disappear as a company in any merger with much larger Braskem.

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