# 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.

- Type: Acquisition
- Announced: 2016-11-03
- Where: Ipojuca, Pernambuco, Brazil, Brazil
- Value: $385.0M
- Status: announced
- Capacity: 700,000 tpy PTA, 450,000 tpy PET, 90,000 tpy texturized polyester filament
- Products: PTA, PET, texturized polyester filament
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Petrobras](https://endata.com/companies/2820.md) (target)
- [Petróleo Brasileiro](https://endata.com/companies/3724.md) (target)
- [Alpek](https://endata.com/companies/4456.md) (acquirer)
- [Petroquímica Suape](https://endata.com/companies/19548.md) (target)
- [Citepe](https://endata.com/companies/19549.md) (target)
- [Companhia Petroquímica de Pernambuco](https://endata.com/companies/20822.md) (target)
- [Companhia Integrada Têxtil de Pernambuco](https://endata.com/companies/20823.md) (target)

## Sources

- [alpek.com](https://www.alpek.com/alpek-signed-an-agreement-with-petrobras-for-the-acquisition-of-petroquimica-suape-and-citepe/), 2016-11-03: "Negotiations have advanced in good terms."
- [alpekpolyester.com](https://www.alpekpolyester.com/alpek-signed-an-agreement-with-petrobras-for-the-acquisition-of-petroquimica-suape-and-citepe/), 2016-12-18: "Alpek announced today that it signed a share purchase agreement with Petróleo Brasileiro S.A. for the acquisition of its 100% stake in Companhia Petroquímica de Pernambuco and Companhia Integrada Têxtil de Pernambuco."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.