# 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.

- Type: Acquisition
- Announced: 2017-04-03
- Where: Ipojuca, Pernambuco, Brazil
- Value: $385.0M
- Status: announced
- Capacity: 640,000 tonnes PTA, 450,000 tonnes PET, 90,000 tonnes texturized polyester filament per year
- Products: PTA, PET, texturized polyester filament
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [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) (partner)
- [Petrobras](https://endata.com/companies/2820.md) (target)
- [Alpek](https://endata.com/companies/4456.md) (acquirer)
- [Citepe](https://endata.com/companies/19549.md) (target)
- [PetroquímicaSuape](https://endata.com/companies/23280.md) (target)

## Sources

- [alpekpolyester.com](https://www.alpekpolyester.com/alpek-obtained-corporate-approvals-for-the-acquisition-of-petroquimicasuape-and-citepe/), 2017-04-03: "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."
- [alpek.com](https://www.alpek.com/alpek-obtained-corporate-approvals-for-the-acquisition-of-petroquimicasuape-and-citepe/), 2017-04-03: "Alpek announced today that it 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."

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