IG4 Group / Petrobras / Braskem Concentration - Foreign Subsidies Review FS.100310
Summary
The European Commission completed its review under the Foreign Subsidies Regulation (Regulation 2022/2560) for the IG4 Group/Petrobras/Braskem concentration. The case involves economic activities in organic chemical manufacturing (NACE C.20.14) and plastics in primary forms (NACE C.20.16). The provisional deadline and suspension period expired on 20 April 2026, indicating the transaction cleared review without intervention.
What changed
The EC's competition case database records the completion of a foreign subsidies review under Regulation 2022/2560 for the IG4 Group acquisition of interests in Petrobras and Braskem. The notification was filed on 11 March 2026, with the provisional deadline expiring on 20 April 2026.
Affected parties to concentrations involving non-EU companies acquiring EU targets should monitor these case records. The expiration of the provisional deadline indicates clearance without a blocking decision, but parties should review whether ongoing obligations under the Foreign Subsidies Regulation may apply to future transactions in the chemicals sector.
Archived snapshot
Apr 20, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
FS.100310
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IG4 GROUP / PETROBRAS / BRASKEM
Last decision date: 20.04.2026 Notification date: 11.03.2026 Provisional deadline: 20.04.2026 Case type: Concentration Regulation: 2022/2560 Economic activities: C.20.14 - Manufacture of other organic basic chemicals (NACE Rev. 2.1) C.20.16 - Manufacture of plastics in primary forms (NACE Rev. 2.1) Decisions The provisional deadline and the suspension period under FSR expired on of 20.04.2026
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