Report of Foreign Issuer (6-k)
December 30 2016 - 1:59PM
Edgar (US Regulatory)
COMMUNICATION OF TRANSACTIONS BETWEEN RELATED PARTIES
Parties
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Braskem S.A. (“Braskem” or “Issuer”) and Refinaria de Petróleo Riograndense Ltda.
(“RPR”).
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Relationship with the Issuer
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Braskem holds a 33.33% interest in RPR voting capital and 33.20% of its total capital
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Purpose
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Purchase and Sale of Gasoline A, supplied by Braskem to RPR through monthly supply contracts between the parties.
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Main terms and conditions
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The sale of Gasoline A produced by Braskem for blending in the fuel pool by RPR and later resale to distributors.
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Date of execution of the agreement
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December 27, 2016
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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
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Hardi Schuck is member of the Board of Directors of RPR.
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Detailed justification of the reasons why the management of the issuer believes the transaction observed commutative conditions or expects adequate compensatory payment
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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.
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