OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 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 ANNOUNCES APPROVAL OF THE DELISTING OF IPIRANGA PETROQUÍMICA
São Paulo, Brazil, July 5, 2007 - Braskem (BOVESPA: BRKM5; NYSE: BAK; LATIBEX: XBRK), the leader in the thermoplastic resins segment in Latin America and second largest Brazilian industrial company owned by the private sector, informs that it was discharged by the Brazilian Securities and Exchange Commission (CVM) from holding a Tender Offering for the acquisition of Ipiranga Petroquímica (IPQ) share control and was authorized to proceed with the delisting of this company and the cancellation of its registration as a publicly-held company.
After the acquisition of IPQ shares announced on July 2, all of the shares issued by Ipiranga Petroquímica are held, directly and indirectly, by Ipiranga Química, which allows for these corporate acts.
| Braskem, a world-class Brazilian petrochemical company, is the leader in the thermoplastic resins segment in |
| Latin America, and is the second largest Brazilian industrial company owned by the private sector. The company |
| operates 18 manufacturing plants located throughout Brazil, and has an annual production capacity of more |
| than 10 million tons of petrochemical and chemical products. |
| For further information, please access our IR website at www.braskem.com.br/ir or contact our Investor Relations Team: | ||||
| Luciana Ferreira | Luiz Henrique Valverde | Silvio Nonaka | ||
| IR Manager | IRO | IR Manager | ||
| Phone: (55 11) 3443 9178 | Phone: (55 11) 3443 9744 | Phone: (55 11) 3443 9471 | ||
| luciana.ferreira@braskem.com.br | luiz.valverde@braskem.com.br | silvio.nonaka@braskem.com.br | ||
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: July 05, 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.