Braskem, Petrobras, and Ultra Buy Ipiranga Group

Three of Brazil’s largest chemical makers will acquire the Ipiranga Group (São Paulo), a petrochemical, refinery, and fuel distribution firm with 2006 sales of R30 billion ($14.3 billion). Braskem (São Paulo), Petrobras (Rio de Janeiro), and Oxiteno parent company Ultra Group (São Paulo) will spend a total of about $4 billion for Ipiranga’s assets. The companies did not disclose how much debt Ipiranga holds. Braskem (São Paulo) will acquire 60% of Ipiranga’s petrochemical assets, with Petrobras picking up the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers