Regions :: South America :: Brazil
Petrobras to Acquire Suzano; Eyes Deal with Unipar
11:41 AM MDT | August 27, 2007 | Chemical Week Editorial Staff
Brazil’s state-owned oil and petrochemical company Petrobras (Rio de Janeiro) has agreed to acquire polypropylene and polyethylene producer Suzano Petroquímica (Rio de Janeiro) for R2.7 million ($1.4 billion). Petrobras will pay R2.2 billion for the 76% stake held by Suzano’s controlling shareholders, and up to R600 million to tender an offer to buy stock held by minority shareholders. The acquisition is the latest in a series of recent petchem deals that Petrobras has announced. Earlier this year, Petrobras, Braskem (São Paulo), and...
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