Alpek obtains approval to acquire PetroquímicaSuape and Citepe from Petrobras

Alpek obtained regulatory approval from CADE in Brazil to acquire 100% of PetroquímicaSuape and Citepe from Petrobras for $385 million. The companies operate an integrated PTA-PET facility and a texturized polyester filament plant in Ipojuca, Brazil.

“Alpek announced today that it obtained the required regulatory approval from the Court of the Administrative Council for Economic Defense (CADE) in Brazil to acquire 100% of Companhia Petroquímica de Pernambuco and Companhia Integrada Têxtil de Pernambuco from Petróleo Brasileiro S.A.”alpekpolyester.com

• 1 source
• alpekpolyester.comALPEK OBTAINED APPROVAL FROM CADE FOR THE ACQUISITION OF PETROQUÍMICASUAPE AND CITEPE - Alpek PolyesterFernanda Del PradoFeb 7, 2018

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