Braskem´s acquisition of Politeno is approved by the CADE
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.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.