6-K
Braskem SA (BAK)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2020
(Commission File No. 1-14862 )
BRASKEM S.A.
(Exact Name as Specified in its Charter)
N/A
(Translation of registrant's name into English)
Rua Eteno, 1561, Polo Petroquimico de CamacariCamacari, Bahia - CEP 42810-000 Brazil
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.
NOTIFICATION ON TRANSACTIONS BETWEEN RELATED PARTIES
| Parties | Braskem S.A. (“Braskem”) and Refinaria de Petróleo Riograndense Ltda. (“RPR”) |
|---|---|
| Relationship with the Issuer | Braskem holds a 33.20% interest in RPR voting capital and 33.20% of its total capital |
| Purpose | Purchase and Sale of Gasoline A, supplied by Braskem to RPR through monthly supply agreement between the parties. |
| Main terms and conditions | The sale of Gasoline A produced by Braskem for blending in the fuel pool by RPR and later resale to distributors.<br><br><br> <br>Estimated total value of the agreement is R$18 million (eighteen million), which may change depending on the volume actually sold and the price reference in the Brazilian market. |
| Date of execution of the agreement | January 1, 2020 |
| 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 | Isabel Figueiredo is member of the Board of Directors of RPR. |
| Detailed justification of the reasons why the management of the issuer believes the transaction observed commutative conditions or expects adequate compensatory payment | 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. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 10, 2020
| BRASKEM S.A. | ||
|---|---|---|
| By: | /s/ Pedro van Langendonck Teixeira de Freitas | |
| Name: | Pedro van Langendonck Teixeira de Freitas | |
| Title: | Chief Financial Officer |
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.