This excerpt taken from the PBR 6-K filed May 13, 2008.
We would like to inform that the item 5.6 of the Tender Offer´s invitation (Edital) for the acquisition of common and preferred shares of Suzano Petroquímica S.A., published herein on May 12, 2008 shall be read and construed as follows:
5.6 Final Format: After the consolidation of the assets mentioned in item 5.5 above, the common shares to be issued by the company holding the assets described above will be held in the proportion of 60% by Unipar and 40% by Petrobras. The control of the referred company will be exercised by Unipar and Petrobras will act as a relevant minority shareholder, with several rights as set forth in the Shareholders Agreement signed on November 30, 2007.
The registration of this offering by the CVM authorizes the sale of control of Suzano Petroquímica S.A. to Petróleo Brasileiro S.A. Petrobras, pursuant to art. 29 §3 of CVM Instruction 361/02. However, it does not address the second part of the transaction, announced on 11/30/2007, which involves the consolidation of Suzano Petroquimica S.A. with the assets of Unipar- União de Indústrias Petroquímicas S.A.
As it relates to the second part of the above mentioned transaction, the Superintendent of the Registration of Securities at the CVM indicated, in the registration of the present offer, that it would be subject to the requirements of Article 254-A of Law 6404/76. Unipar has a different understanding and this issue will be resolved through an appeal filed on 5/7/2008.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 13, 2008
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