The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Braskem S.A. by Petróleo Brasileiro S.A. (‘Petrobras’), both of Brazil, and IG4 Capital Partners Holding General Partner Limited (together with its affiliated entities ‘IG4 Group’) of Jersey.
The transaction relates primarily to the petrochemical industry.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.12316.
