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Negotiations with Solvay on PVC assets on, says Braskem
Sep '13
Braskem, the largest producer of resins in the Americas, in response to the letter received from the Brazilian Securities and Exchange Commission (CVM), seeking clarification on the report in the Valor Econômico newspaper about its participation in the process for the acquisition of PVC assets from Solvay, hereby announces to its shareholders and the market that it is in constant dialog with different companies in the pursuit of partnership and growth opportunities.

All potential transactions considered by Braskem are aimed at strengthening its position and preserving the financial health of its capital structure. 

Specifically with regard to the reported ongoing negotiations for the acquisition of PVC assets from Solvay, Braskem clarifies that it is participating in the competitive sale process of these assets, though there are no concrete, even if preliminary, results so far, nor is there any expected deadline for the conclusion of the process. It is worth highlighting that, as is customary in competitive processes transactions, all the parties are subject to a confidentiality undertaking. 

The Company remains committed to inform its shareholders and the market, in the proper time and manner, of any fact that must be disclosed pursuant to law and the rules of the Brazilian Securities and Exchange Commission. Braskem takes this opportunity to reaffirm its commitment to Corporate Governance best practices by pursuing excellence in its communication with the capital markets.


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