TITLE

Petrobras to Acquire Suzano; Eyes Deal with Unipar

AUTHOR(S)
Sissell, Kara
PUB. DATE
August 2007
SOURCE
Chemical Week;8/15/2007, Vol. 169 Issue 27, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article announces the acquisition of Suzano Petroquímica by Brazil's state-owned oil and petrochemical company Petrobras. Petrobras began exiting the petrochemical business in the early 1990s, but retained a minority stake of about 15% in each of the nation's three major petrochemical complexes. Petrobras has spent more in 2007 on petrochemical deals than it earmarked several years ago for its six-year investment plan. Meanwhile, Petrobras and Unipar are considering joining their petrochemical assets to create a new company, sources claim.
ACCESSION #
26363339

 

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