Brazil’s Petroleo Brasileiro SA and Odebrecht SA agreed to pay 872 million reais ($504 million) for an indirect controlling stake in Quattor Petroquimica SA, Valor Economico reported, without saying where it got the information.
Petrobras, as the state-controlled oil company is known, and Odebrecht bought a controlling stake in Vila Velha Participacoes, which owns 60 percent of voting shares in Quattor’s parent Uniao de Industrias Petroquimicas SA, or Unipar, the Sao Paulo-based newspaper said.
Odebrecht and Petrobras are the controlling shareholders of petrochemicals maker Braskem SA.
Negotiations with Quattor shareholders haven’t been concluded, Petrobras said in an e-mailed statement to Bloomberg News, declining to comment further.
Spokeswomen for Odebrecht and Unipar, who asked not to be named because of company policy, said they couldn’t comment. Nelson Letaif, a Sao Paulo-based spokesman for Braskem, also declined to comment.
2010-01-11
Subscribe to:
Post Comments (Atom)
About Me and My Group
- Brazil Extra
- Houston / Rio de Janeio, TX - USA - With affiliates in Brazil, Brazil
- For more info. visit : www.khen-group.com Trust, Assurance, Experience, and Commitment. We know the issues, we know the process, we know the culture, and we draw on that to provide complete solutions for your business abroad. Areas of expertise include , recruiting, business solutions, marketing strategy, branding, trainning, market research and business development. Visit www.khen-group.com
Expats
No comments:
Post a Comment