◂ Announcements

Dec 28, 2016ACQUISITIONIpojuca, Pernambuco, Brazil, Brazil

Alpek signs agreement to acquire Petroquímica Suape and Citepe from Petrobras for $385 million

Alpek signed a share purchase agreement with Petrobras to acquire 100% of Petroquímica Suape and Citepe for $385 million. The facilities in Ipojuca, Brazil, have capacities of 700,000 tons/year PTA, 450,000 tons/year PET, and 90,000 tons/year texturized polyester filament. Closing is subject to approvals.

Value

$385.0M

Status

Announced

Capacity

700,000 tons/year PTA, 450,000 tons/year PET, 90,000 tons/year texturized polyester filament

ProductsPTAPETtexturized polyester filament

CompaniesPetrobras partner Petrobras target Alpek acquirer Petroquímica Suape target Citepe target

Sectors#Plastics and Polymers #Industrial Textiles

“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.”alpek.com

2 sources
alpek.comAlpek signed an agreement with Petrobras for the acquisition of Petroquímica Suape and Citepe | AlpekAleDec 28, 2016
doi.orgPetrobras sells business at a bargain priceAlex TulloJan 9, 2017

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

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