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Braskem says Abiplast's concerns with Solvay Indupa deal are unfounded

By Flavia Fortes ( April 29, 2014, 17:27 GMT | Insight) -- Petrochemical company Braskem has told the Brazilian competition authority that concerns raised by plastic association Associação Brasileira da Indústria do Plástico, or Abiplast, over Braskem’s acquisition of plastic maker Solvay Indupa are unfounded because imports and an excess worldwide supply of the thermoplastic resin polyvinyl chloride (PVC) limit the possibility of market power being exercised by the merged entity.Petrochemical company Braskem has told the Brazilian competition authority that concerns raised by plastic association Associação Brasileira da Indústria do Plástico, or Abiplast, over Braskem’s acquisition of plastic maker Solvay Indupa are unfounded because imports and an excess worldwide supply of the thermoplastic resin polyvinyl chloride (PVC) limit the possibility of market power being exercised by the merged entity....

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