IG4 GROUP / PETROBRAS / BRASKEM Merger (M.12316)
Summary
The European Commission notified and reviewed a proposed merger between IG4 GROUP, PETROBRAS, and BRASKEM under Council Regulation (EC) No 139/2004. The Commission issued a clearance decision under Article 6(1)(b) on 7 April 2026 via the simplified procedure, indicating the transaction does not raise competition concerns. The case was notified on 11 March 2026 with a provisional deadline of 20 April 2026.
What changed
The EC received notification of a merger involving Brazilian chemical companies IG4 GROUP, PETROBRAS, and BRASKEM on 11 March 2026. The companies operate in the manufacture of other organic basic chemicals (NACE C.20.14) and manufacture of plastics in primary forms (NACE C.20.16). The Commission cleared the transaction under Article 6(1)(b) on 7 April 2026 using the simplified procedure, which is used for straightforward cases unlikely to raise competition concerns.
For affected parties, this Phase 1 clearance via the simplified procedure indicates the merger can proceed without Phase 2 in-depth investigation. Companies involved in chemical manufacturing, plastics production, or related petrochemical sectors should monitor this case for any Phase 2 developments or conditions, though the simplified procedure typically suggests minimal competitive overlap or concerns.
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Sort by: Last decision date ▼ Case title or company name: IG4 GROUP Select page IG4 GROUP / PETROBRAS / BRASKEM Merger M.12316 Last decision date: 07.04.2026 Simplified Ongoing Investigation phase: 1 Companies: IG4 GROUP | PETROBRAS | BRASKEM Case type: Merger Regulation: Council Regulation 139/2004 Notification date: 11.03.2026 Provisional deadline: 20.04.2026 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 Art. 6(1)(b) of 07.04.2026 Other case related information Prior publication in the OJ: OJEU C/2026/1839 of 23.03.2026 Description of the concentration of 12.03.2026: EN published on 12.03.2026 Items per page: Showing 1–1 of 1
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