# Mexichem agrees to buy Pemex's stake in Petroquimica Mexicana de Vinilo

Mexichem agreed to buy Pemex's 44.09% stake in Petroquimica Mexicana de Vinilo for approximately $178.7 million.

- Type: Acquisition
- Announced: 2018-07-06
- Where: Veracruz, Mexico
- Value: $178.7M
- Status: announced
- Products: chemicals, plastic pipes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Mexichem](https://endata.com/companies/1886.md) (acquirer)
- [Pemex](https://endata.com/companies/5304.md) (partner)
- [Petróleos Mexicanos](https://endata.com/companies/13843.md) (partner)
- [Petroquimica Mexicana de Vinilo](https://endata.com/companies/32972.md) (target)

## Sources

- [rigzone.com](https://www.rigzone.com/news/wire/mexichem_agrees_to_buy_pemexs_petroquimica_mexicana_de_vinilo_stake-06-jul-2018-156218-article/), 2018-07-06: "Mexichem said it would pay roughly $178.7 million for Pemex's 44.09 percent stake in the company."
- [eleconomista.com.mx](https://www.eleconomista.com.mx/empresas/Termina-accidentada-relacion-entre-Pemex-y-Mexichem-20180708-0107.html), 2018-07-09: "El conglomerado petroquímico mexicano Mexichem acordó comprar a Pemex su participación de 44.09% en la firma Petroquímica Mexicana de Vinilo (PMV) por 178.7 millones de dólares."

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