Merger of shares of Braskem
Rio de Janeiro,
February 11 2010 � Petr�leo Brasileiro S.A. � Petrobras announces that in
compliance with the requirements set forth by article 12 of CVM Instruction
No. 358/02, as amended by CVM Instruction No. 449/07, Petr�leo Brasileiro
S.A. - PETROBRAS (�Petrobras�), headquartered at Av. Rep�blica do Chile, No.
65, Downtown, Rio de Janeiro � RJ, CEP 20.031-912, enrolled in the CNPJ under
No. 33.000.167/0001-01, its direct subsidiary Petrobras Qu�mica S.A. �
Petroquisa (�Petroquisa�), headquartered at Av. Rep�blica do Chile, No. 65,
room 903, Downtown, Rio de Janeiro � RJ, CEP 20.031-912, enrolled in the
National Roll of Juridical Persons (CNPJ) under No. 33.795.055/0001-94, and
its indirect subsidiary W.B.W.S.P.E Empreendimentos e Participa��es S.A.
(�WBW�), headquartered at Avenida Paulista No. 901 � Cerqueira C�sar � S�o
Paulo � SP, CEP 01311-100, enrolled in the CNPJ under No. 11.396.968/0001 �
03, a direct subsidiary of Petroquisa, announce that: advancing with the
petrochemical participation interest restructuring operation announced to the
market on 01/22/2010, WBW was taken over by BRK INVESTIMENTOS PETROQU�MICOS
S.A. (�BRK�), a joint stock company, headquartered in the City of S�o Paulo,
State of S�o Paulo, at Avenida Rebou�as, No. 3970, 32nd floor-part,
Pinheiros, CEP 05402-920, enrolled in the CNPJ/MF under No.
11.395.617/0001-70. The operation consists of the takeover of WBW by BRK,
with the entirety of WBW�s assets being turned over to BRK�s assets, which
will succeed it universally, in all of its assets, rights and obligations. As
a result of the takeover, for each common share issued by WBW and held by
Petroquisa, an attribution will be made of 0.163721681 (sixteen
one-hundredths and fraction) ordinary shares issued by BRK. WBW�s net assets
were assessed by the specialized company APSIS CONSULTORIA EMPRESARIAL LTDA.,
headquartered at Rua da Assembl�ia, No. 35, 12th floor, Downtown, in the
Municipality and State of Rio de Janeiro, CEP: 20.011-001, enrolled in the
CREA/RJ 82.2.00620-1 and CORECON/RJ RF/2.052-4, based on its book value, as
per WBW�s financial statements prepared on the base date, for the purpose of
making the accounting entries for the increase in the capital of BRK
resulting from the takeover.
With WBW�s takeover
by BRK, Odebrecht and Petrobras started the process of concentrating the
entirety of their ordinary stock issued by Braskem in BRK. Now, BRK will go
on to bear ordinary stock issued by Braskem at the amount of 93.3% of its
voting capital.
As a consequence,
Odebrecht and Petrobras sign Braskem and BRK�s Shareholder Agreement, as also
announced in the Material Fact issued on January, 22 2010.
Sincerely,
Investor Relations Department
www.petrobras.com.br/ri/english
Contacts: PETR�LEO BRASILEIRO S. A. - PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br /
acionistas@petrobras.com.br
Av. Rep�blica do Chile, 65 � 22nd floor - 20031-912 - Rio de Janeiro, RJ I
Tel.: 55 (21) 3224-1510 / 9947
This document may
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (Securities Act), and Section 21E of the
Securities Exchange Act of 1934, as amended (Exchange Act) that merely
reflect the expectations of the Company�s management. Such terms as
�anticipate�, �believe�, �expect�, �forecast�, �intend�, �plan�, �project�,
�seek�, �should�, along with similar or analogous expressions, are used to
identify such forward-looking statements. These predictions evidently involve
risks and uncertainties, whether foreseen or not by the Company. Therefore, the future
results of operations may differ from current expectations, and readers must not
base their expectations exclusively on the information presented
herein.
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