COPENE.

COPENE COPENE Companhia Petroquímica do Nordeste SA (Portugese: Chemical Company Northeast) , a state-owned petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. company, failed to attract bidders in a second auction for controlling interest controlling interest

The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in the company. In the first auction, the government rejected Grupo Ultra's US$822 million offer.

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Author:	DEMPSEY, MARY
Publication:	Latin Trade
Geographic Code:	3BRAZ
Date:	Jun 1, 2001
Words:	32
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Topics:	Petrochemicals Petrochemicals industry Petroleum chemicals industry

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