Petrobras and Unipar examine possibility of IPO for Brazilian petrochemical plant

22-May-08
Brazilian energy giant Petroleo Brasileiro (Petrobras) and partner Uniao das Industrias Petroquimicas (Unipar) are studying the possibility of an initial public offering (IPO) for a new southeast Brazil petrochemicals plant. The petrochem plant will be Brazil's second-largest petrochemicals entity, with an estimated production of 2.4 mln metric tons of basic petrochemicals in 2008. Unipar will hold a 60% stake in the company, and the balance 40% stake will be held by Petrobras. The possible IPO would depend on market conditions, decision for which is expected to by next month.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Reclamax single step plastic recycling machine

Reclamax single step plastic recycling machine