Related Keywords: Alpek SA de CV, Brazilian state-run oil company, chemical manufacturing company, offer up to USD seven hundred million, Petrobras. sell its petrochemicals units, PetroquimicaSuape and Citepe. talks with Mexican group, plant produces PTA, polyester fiber, raw material for PET resin
The Brazilian state-run oil company Petrobras to sell its petrochemicals units PetroquimicaSuape and Citepe in the north-eastern state of Pernambuco, for which they are in talks with the Mexican group Alpek SA de CV a chemical manufacturing company, who is expected to offer up to $700 million.
The Brazilian company and Alpek will negotiate the deal for 60 days.
Petrobras' petrochemical units have accumulated 5.6 billion reais ($1.7 billion) in losses over the last two years, which included impairment charges related to the largest-ever corruption probe in Brazil.
