OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 2007
(Commission File No. 1-14862 )
Camacari, Bahia - CEP 42810-000 Brazil
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
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.
Public-held Company – CVM Code No. 00482-0
CNPJ/MF No. 42.150.391/0001 -70
NIRE No. 29.300.006.939
MARKET ANNOUNCEMENT
Braskem S.A. (“Braskem”), in compliance with the Securities Registration Office (Superintendência de Registro de Valores Mobiliários - “SRE”) determination contained in Official Letter/CVM/SER/GER-1/No. 885/2007, hereby makes public to the market that in the analysis process for the acquisition of shares of the companies belonging to the Ipiranga Group by Ultrapar Participações S.A., Petróleo Brasileiro S.A. and Braskem, resulting from the Sale and Purchase Agreement dated March 18, 2007, SRE, the technical sector of the Brazilian Securities Commission (“CVM”), stated that it is not necessary to carry out a public tender offer for the shares (“OPA”) of Copesul – Companhia Petroquímica do Sul (“Copesul”), specifically with respect to disposal of control, pursuant to article 254-A of Law 6.404/76, since this results in the control being held by the controlling company Braskem, which already exercised its control, although jointly, and mainly on equal conditions, with another company – Ipiranga Petroquímica S.A.
It also clarifies that the request for registration of an OPA so as to delist the publicly-held capital of Copesul is still being analyzed by CVM pursuant to article 4, paragraph 4 of Law 6404/76 and articles 16 to 25 of CVM Instruction 361/2002, and in accordance with information previously disclosed in the Relevant Fact notices published on March 19, 2007 and April 19, 2007.
The SRE stand is included in MEMO/SRE/GER-1/N° 147/2007, dated May 16, 2007, copies of which can be taken from CVM site: www.cvm.gov.br.
São Paulo, May 21st, 2007.
Carlos Fadigas
Chief Financial and Investor Relations Officer of
Braskem S.A.
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: May 22, 2007
| BRASKEM S.A. | |||
| By: | /s/ Carlos José Fadigas de Souza Filho | ||
| Name: | Carlos José Fadigas de Souza Filho | ||
| Title: | Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.