◂ Announcements

Apr 3, 2017ACQUISITIONIpojuca, Pernambuco, Brazil

Alpek obtains approvals to acquire PetroquímicaSuape and Citepe from Petrobras for $385M

Alpek obtained all necessary corporate approvals to acquire 100% of PetroquímicaSuape and Citepe from Petrobras for US$385 million. The companies operate an integrated PTA-PET facility in Ipojuca, Pernambuco, Brazil, with capacities of 640,000 tonnes PTA and 450,000 tonnes PET per year, plus a 90,000-tonne texturized polyester filament plant.

Value

$385.0M

Status

Announced

Capacity

640,000 tonnes PTA, 450,000 tonnes PET, 90,000 tonnes texturized polyester filament per year

ProductsPTAPETtexturized polyester filament

CompaniesPetrobras partner Petrobras target Alpek acquirer Citepe target PetroquímicaSuape target

Sectors#Specialty Chemicals #Plastics and Polymers #Industrial Textiles

“Alpek obtained all necessary corporate approvals to acquire 100% of Companhia Petroquímica de Pernambuco and Companhia Integrada Têxtil de Pernambuco from Petróleo Brasileiro S.A. for U.S. $385 million.”alpekpolyester.com

2 sources
alpekpolyester.comALPEK OBTAINED CORPORATE APPROVALS FOR THE ACQUISITION OF PETROQUÍMICASUAPE AND CITEPE - Alpek PolyesterFernanda Del PradoApr 3, 2017
alpek.comAlpek obtained corporate approvals for the acquisition of PetroquímicaSuape and Citepe | AlpekAleApr 3, 2017

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

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