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Comment: Braskem buyout of Solvay Indupa likely to trigger in-depth antitrust review in Brazil

By Flavia Fortes ( March 10, 2014, 20:56 GMT | Comment) -- Brazilian petrochemical company Braskem’s acquisition of rival Solvay Indupa is likely to trigger in-depth review by Brazil’s antitrust authority. The deal raises flags in the polyvinyl chloride (PVC) market, as it will create the only producer of PVC in Brazil and the largest producer of the resin in South America. However, whether the regulator will decide to take measures in this case will depend on how narrowly it defines the relevant geographic market. In the past, it has defined the market for thermoplastics resins as global.Brazilian petrochemical company Braskem’s acquisition of rival Solvay Indupa is likely to trigger in-depth review by Brazil’s antitrust authority....

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