# 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.

- Type: Acquisition
- Announced: 2018-02-07
- Where: Ipojuca, Pernambuco, Brazil, Brazil
- Value: $385.0M
- Status: announced
- Capacity: 640,000 tons/year PTA, 450,000 tons/year PET, 90,000 tons/year texturized polyester filament
- 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) (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-approval-from-cade-for-the-acquisition-of-petroquimicasuape-and-citepe/), 2018-02-07: "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."

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