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People & Business :: Companies

Brazilian Antitrust Officials Lift Restrictions on Ipiranga Buy

May 2, 2007 | Kara Sissell

The Brazilian antitrust agency Cade (Brasilia) has removed some restrictions it had imposed on the purchase of Ipiranga Group (São Paulo) by Braskem, Petrobras, and Ultra Group (CW, March 28, p. 7). Cade’s administrative council has voted not to prohibit Petrobras from having minority share votes in business decisions for the southern petrochemical complex Copesul (Triunfo). “Petrobras showed that purchasing control over the group does not give it relevant influence over Copesul from the competition viewpoint, especially considering the fact...

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