According to teh company, the council acknowledged unanimously that competitiveness has been preserved in the markets involved in the operation. However, it conditioned the approval to Petrobras’s signing a term of performance commitment (TPC) with the Administrative Council for Economic Defense (Cade).
In the TPC, Petrobras committed to transfer the ideal fraction acquired in the federal district’s distribution base; assign to possible interested parties part of the capacity of the Campo Grande and Alto Taquari fuel distribution bases, in the states of Mato Grosso do Sul and Mato Grosso; allow Ipiranga flag retail service stations in 21 municipalities to terminate their fuel supply agreements in advance; and maintain non-discriminatory treatment in the provision of basic asphalt production inputs including petroleum asphalt cement and diluted petroleum asphalt.
With the decision, the Cade completed the approval of the widest-ranging operation involved in the acquisition of all of Ipiranga Group’s business by Petrobras, Ultrapar Participacoes and Braskem carried out in March 2007.
