COMMUNICATION OF TRANSACTIONS BETWEEN RELATED PARTIES
Parties |
Braskem S.A. (“Braskem” or “Issuer”) and Refinaria de Petróleo Riograndense Ltda. (“RPR”).
|
Relationship with the Issuer |
Braskem holds a 33.33% interest in RPR voting capital and 33.20% of its total capital
|
Purpose |
Purchase and Sale of Gasoline A, supplied by Braskem to RPR through monthly supply contracts between the parties. |
Main terms and conditions |
The sale of Gasoline A produced by Braskem for blending in the fuel pool by RPR and later resale to distributors. |
Date of execution of the agreement |
December 27, 2016 |
Any participation of counterparty, its partners or managers in the issuer’s decision-making process or in the negotiation of the transaction as representatives of the issuer |
Hardi Schuck is member of the Board of Directors of RPR. |
Detailed justification of the reasons why the management of the issuer believes the transaction observed commutative conditions or expects adequate compensatory payment |
The commercial conditions agreed upon with RPR reflect the market conditions for the sale of Gasoline A in the domestic market, assuring commutativity of the transaction for both parties. |