Braskem Announces the Conclusion of the Acquisition of Ipiranga Group Petrochemical Assets.
PR Newswire Europe, February, 2008
SAO PAULO, Brazil, February 27 /PRNewswire/ --
Braskem (BOVESPA: BRKM5; NYSE: BAK; LATIBEX: XBRK) (the "Company"), the leading company in the thermoplastic resins industry in Latin America and the third-largest petrochemical producer in the Americas, announces 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.
The conclusion of the acquisition of these petrochemical...
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