Markets :: Plastics :: Polystyrene
Reports: Elekeiroz and Videolar competing to acquire Petrobras's styrene assets
8:58 AM MDT | June 13, 2013 | Francinia Protti-Alvarez
Two companies remain in the race for the acquisition of Innova (São Paulo), the styrene unit of state-owned Petrobras, based at Triunfo, Brazil, according to Valor Econômico, a leading financial newspaper in Brazil. The sale of Innova was announced in December 2012, as reported by CW. The remaining contenders for the acquisition, expected to be worth $400 million, are chemical company Elekeiroz (São Paulo) and plastic packaging and styrene producer Videolar (São Paulo). Elekeiroz currently produces oxo alcohols, as well as...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee