On Wednesday, July 19, the Administrative Council of Economic Defense - CADE unanimously approved Braskem’s acquisition of Politeno, which had been communicated to the market in April. 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, and its integration confirms Braskem"s position as a leader in this market.

CADE’s decision ratifies the terms of the ruling adopted by the same Commission in September of 2005 when it approved the operation that led to the creation of Braskem in 2002, which stemmed from the integration of six companies.