(Commission File No. 1-14862 )
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___
RELEVANT FACT
Braskem S.A. (Braskem), by itself and its controlling company EDSP58 Participações S.A. (Offeror), and Copesul Companhia Petroquímica do Sul (Copesul), in compliance with the provisions of CVM Ruling 358/02, disclose to the market that in the auction for Public Tender Offer for the Acquisition of Copesul shares (OPA) carried out on this date through the electronic trading system of the São Paulo Stock Exchange Bovespa, the Offeror acquired 34,040,927 (thirty-four million, forty thousand, nine hundred and twenty-seven) common shares of Copesul, representing more than two thirds (2/3) of the outstanding shares.
Since more than two thirds (2/3) of the outstanding shares were acquired, after verification that the rules applicable to the OPA have been complied with, the Brazilian Securities Commission (CVM) shall delist Copesul as a publicly held company within fifteen (15) days counted from the receipt of the statements regarding the auctions results.
During the period of three (03) months as from the date of the auction, the shareholders owning Copesul outstanding shares may sell their shares to the Offeror for the same price offered in the OPA, adjusted up to the date of actual payment, as per the OPA Notice published on August 14, 2007.
Moreover, considering that less than five percent (5%) of the total shares remain outstanding, Copesuls board of directors shall call a general shareholders meeting to resolve on the redemption of such shares for the price offered in the OPA, pursuant to article 4, paragraph 5 of Law 6404/76.
We would like to stand out that, according to Ruling 361/02, Bovespa has a period of 4 business days to forward to CVM the final statements referring to the auction.
São Paulo, October 5, 2007
Carlos Fadigas | Michael Machado | |
Investors Relations and Financial | Investors Relations and Financial Officer | |
Officer | Copesul Companhia Petroquímica do Sul | |
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: October 09, 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.