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PBR » Topics » (vi) Option to increase PETROQUISA interests in the BRASKEM capital

This excerpt taken from the PBR 6-K filed Jun 26, 2006.

(vi) Option to increase PETROQUISA interests in the BRASKEM capital

On March 31, 2006, PETROBRAS, PETROQUISA and BRASKEM announced the conclusion of evaluation process in order to exercise the PETROQUISA option to increase its participation in BRASKEM, from 10% of the voting shares to 30%. This option was not exercised, due to the fact that was not possible to achieve a final solution related to the terms and conditions necessary to generate added value for all of the BRASKEM stockholders.

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