This excerpt taken from the PBR 6-K filed Apr 19, 2007.
Petróleo Brasileiro S.A. (Petrobras), Ultrapar Participações S.A. (Ultrapar) and Braskem S.A. (Braskem), in compliance with the order contained in the writ of prevention N° 087000.001707/2007-80 (Writ of Prevention) issued by the Administrative Council for Economic Defense CADE (the Brazilian anti-trust authority), in the context of CADEs review of the acquisition by Petrobras, Ultrapar and Braskem of the companies that form the Ipiranga Group (the transaction), as described in the Material Event notice published on March 19, 2007, hereby inform interested parties that:
The companies appreciate the concern that motivated CADE to issue the Writ of Prevention and have already started to prepare analyses and information to be submitted to CADE, demonstrating that the transaction would benefit competitiveness of the petrochemical sector and would consolidate the Brazilian fuel distribution market without causing any harm to consumer interests.
The Writ of Prevention did not affect the closing of the acquisition of the controlling interest of Ipiranga Group - as described in the Material Event released on March 19 this year - which was concluded today.
The companies will comply with the provisions contained in the Writ of Prevention, as set forth below:
The closing of the acquisition of the shares of the controlling shareholders of Ipiranga occurred today, under the terms agreed in the Sale and Purchase Agreement signed on March 18, 2007. The amounts of ordinary and preferred shares in each Ipiranga Group company set forth below were acquired from the Controlling Shareholders:
Payment for the acquisition of the shares described above amounted to R$2.1 billion.
All other information contained in the Material Event notice released on March 19, 2007 remains in effect.
São Paulo, April 18, 2007.
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: April 18, 2007
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