A judge clears path for resumption of merger talks between Braskem and Quattor

A Rio de Janeiro judge has removed an injunction prohibiting negotiations between two Brazilian petrochemicals majors Braskem and Quattor. A possible merger between the two will result in further consolidation of the Brazilian petrochemicals industry, leading to virtual monopoly in Brazil, as Quattor is feared to disappear as a company in any merger with much larger Braskem. Civil judge Roberto Ayoub, in his decision wrote, “There is no prospect of irreparable damage from the negotiations, which depend, not on the courts, but on regulatory authorities."
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha