Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
BRASKEM S.A.
C.N.P.J No 42.150.391/0001 -70 - NIRE 29300006939
MINUTES OF THE 511th MEETING OF THE BOARD OF DIRECTORS
HELD ON APRIL 4th, 2006
On the 4th (fourth) day of the month of April of the year two thousand ans six, at 2:00 (two) P.M., in the Companys Office located at Avenida das Nações Unidas, No. 4.777, ZIP Code 05477-000, São Paulo/SP, the 511th (five hundred and eleventh) Meeting of the Board of Directors of BRASKEM S.A. was held, and the undersigned Board members were present. The Chief Executive Officer José Carlos Grubisich Filho, the Executive Officers Mauricio Ferro and Paul Altit, the representant of the Fiscal Council, Mr. Ismael Abreu, Mr. Nelson Raso and Ms. Ana Patrícia Soares Nogueira were also present. The Board member Pedro Augusto Ribeiro Novis directed the meeting and Ms. Ana Patrícia Soares Nogueira acted as secretary. AGENDA: I) Subjects for Deliberation: The following resolutions were taken unanimously: 1) PROPOSALS FOR DELIBERATION (PD) approved, after the due analysis of its terms and connected documentation, the following Proposals for Deliberation, previously delivered by the Board of Executive Officers to the members of the Board of Directors for acknowledgement, as provided in the Internal Rules of the Board of Directors, copies of which has been duly filed at the Companys headquarters: a) PD.CA/BAK-02/2006 Acquisition of the share capital of Politeno Indústria e Comércio S.A. (Politeno) for the purpose of: (i) authorizing the acquisition of the shares of Politeno owned by Suzano Petroquímica S.A., Sumitomo Chemical Company Ltd. and by Itochu Corporation, representing 65.0% of the voting share capital and 62.2% of the total share capital, pursuant to the terms and conditions described on the respective PD and on the Acquisition Summary annex to the PD; and (ii) authorizing the Board of Executive Officers to execute every act and contracts that shall be necessary to the execution of the operation of acquistion in accordance with the description on the respective PD; b) PD.CA/BAK-03/2006 Issuance of Bonds at the International Market by the Company for the purpose of authorizing (i) the issuance of the perpetual bonds up to the amount of US$ 250,000,000.00 (two hundred and fifty million dollars) in one or more series; and (ii) authorizing the Board of Executive Officers to execute every act and contracts that shall be necessary to the faithful execution of the transaction in accordance with the characteristics described on the respective PD; II) Subjects for Acknowledgement: Nothing to record. III) Subjects of Company Interest: Nothing to record. IV) CLOSING OF THE MINUTES There being nothin else to discuss, these minutes were drafted, which after being read, discussed and found to be in order was signed by all the Board members present, by the Chairman and by the Secretary of the Meeting. São Paulo/SP, April 4th, 2006. (Ass.: Pedro Augusto Ribeiro Novis Chairman; Ana Patrícia Soares Nogueira Secretary; Alvaro Fernandes da Cunha Filho - Vice-Chairman; Alvaro Pereira Novis; André Tapajós Cunha; Francisco Teixeira de Sá; José de Freitas Mascarenhas; Luiz Fernando Cirne Lima; Maria das Graças Silva Foster; Maria Roma de Freitas; Newton Sergio de Souza; Patrick Horbach Fairon).
Conforms to the original version recorded in the official book.
Ana Patrícia Soares Nogueira
Secretary
Headquarters: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 632.5102 |
Offices: Rio de Janeiro/RJ - Av. Presidente Vargas, nº 309, 13º andar - CEP 20071-003 - Tel. (21) 516.1515 - Fax (21)233.0476 |
Salvador/BA - Av. Tancredo Neves, 3343, Centro Empresarial Previnor, s. 301 - CEP 41820-021 - Tel. (71) 342.3088 |
São Paulo/SP Av. das Nações Unidas, 4777, Alto de Pinheiros, CEP. 05477-000 Tel. (11)3443-9999 Fax (11)3023-0420. |
SIGNATURES
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 5, 2005
BRASKEM S.A. | |||
By: | /s/ Paul Elie Altit | ||
Name: | Paul Elie Altit | ||
Title: | Chief Financial Officer |