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Cepsa Completes Acquisition of PET Plant from La Seda

6:12 AM MST | January 6, 2011 | Ian Young

Cepsa Química (Madrid), a Cepsa subsidiary, has completed the previously announced acquisition of La Seda de Barcelona's polyethylene terephthalate (PET) plant at San Roque, Spain. The value of the deal is €32 million, including the net debt of Artenius San Roque, the La Seda subsidiary that operated the plant. Artenius San Roque will be renamed Cepsa Química PET. The 175,000-m.t./year PET unit at San Roque is currently offline and expected to be operational again by the end of the first...

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