◂ Announcements

Nov 3, 2016ACQUISITIONIpojuca, Pernambuco, Brazil, Brazil

Alpek continues negotiations to acquire Petroquímica Suape and Citepe from Petrobras

Alpek announced it continues negotiations with Petrobras to acquire its stakes in Petroquímica Suape and Citepe, which operate an integrated PTA-PET facility in Ipojuca, Brazil. The facility has capacities of 700,000 tpy PTA and 450,000 tpy PET, plus a 90,000 tpy texturized polyester filament plant.

Value

$385.0M

Status

Announced

Capacity

700,000 tpy PTA, 450,000 tpy PET, 90,000 tpy texturized polyester filament

ProductsPTAPETtexturized polyester filament

CompaniesPetrobras target Petróleo Brasileiro target Alpek acquirer Petroquímica Suape target Citepe target Companhia Petroquímica de Pernambuco target Companhia Integrada Têxtil de Pernambuco target

Sectors#Plastics and Polymers #Industrial Textiles

“Negotiations have advanced in good terms.”alpek.com

2 sources
alpek.comAlpek continues negotiations with Petrobras involving the potential acquisition of Petroquímica Suape and Citepe | AlpekAleNov 3, 2016
alpekpolyester.comALPEK SIGNED AN AGREEMENT WITH PETROBRAS FOR THE ACQUISITION OF PETROQUÍMICA SUAPE AND CITEPE - Alpek PolyesterFernanda Del PradoDec 18, 2016

Summarized from public sources; check the original articles before acting on it.

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