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Brazil's antitrust authority challenges Braskem's acquisition of Indupa
1:08 PM MDT | June 24, 2014 | Francinia Protti-Alvarez
Brazil's antitrust body CADE (Brasilia) has challenged the proposed acquisition by Braskem of Solvay Indupa (Bueno Aires), Solvay's polyvinyl chloride (PVC) and chlor-alkali business in South America, declaring the deal is potentially anticompetitive, CADE said today in a nonbinding decision. CADE says the proposed deal would create a PVC market monopoly. The deal would also increase Braskem's share of Brazil's caustic soda market. The deal would mean the country would have only three major producers of caustic soda, CADE says. An analysis by CADE's department of...
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