Braskem Clarifies Information Released by the Brazilian Press
By Prne, Gaea News NetworkSunday, August 23, 2009
SAO PAULO -
Braskem S.A. (NYSE: BAK) (”Braskem” or the “Company”), pursuant to CVM Instruction 358/2002 and in light of news published by the press referring to its participation in an asset acquisition process, publicly informs its shareholders and the market that the Company is constantly in touch with different companies in the pursuit of growth and partnership opportunities, as part of its internationalization strategy and its goal of becoming a global leader in the petrochemical industry. All potential movements considered by Braskem are aimed at strengthening its competitiveness and preserving the financial health of its capital structure.
With respect to news claiming the existence of negotiations to acquire Quattor Participacoes S.A. (”Quattor”), Braskem clarifies that despite being currently in talks with Quattor’s shareholders aimed at identifying potential opportunities from a strategic business alliance, so far there is no final result or commitment, not even preliminary, nor a deadline expected for the conclusion of these conversations.
Braskem will keep its shareholders and the capital markets informed about the eventual conclusion of these negotiations and will make public again any fact that needs disclosure in compliance with the Laws and the regulations of the Brazilian Securities and Exchange Commission (CVM). Braskem takes the opportunity to reaffirm its commitment to the best practices of Corporate Governance, through the continuous quest for excellence in communicating with the Capital Markets.
For additional information, please contact Braskem’s Investor Relations Area:
Luciana Paulo Ferreira, +55-11-3576-9178, luciana.ferreira@braskem.com.br Roberta Pimphari Varella, +55-11-3576-9266, roberta.varella@braskem.com.br Cintia Watai, +55-11-3576-9615, cintia.watai@braskem.com.br Marina Dalben, +55-11-3576-9716, marina.dalben@braskem.com.br
Source: Braskem
Luciana Paulo Ferreira, +55-11-3576-9178, luciana.ferreira at braskem.com.br, or Roberta Pimphari Varella, +55-11-3576-9266, roberta.varella at braskem.com.br, or Cintia Watai, +55-11-3576-9615, cintia.watai at braskem.com.br, or Marina Dalben, +55-11-3576-9716, marina.dalben at braskem.com.br, all of Braskem