Unipar & Petrobras Establish Quattor As 'Global Scale' Petrochemical Firm

摘要

Rio de Janeiro- Brazilian petrochemical company Unipar and state-owned Petrobras last week created Quattor Participacoes SA as a "highly competitive, global scale petrochemical company." Unipar has transferred to Petrobras' Fasciatus subsidiary stakes in Rio Polimeros (Riopol), equivalent to 33.33% of its total capital; stakes in Petroquimica Uniao (PQU), equal to 51.35% of its total capital; all of its property, rights and liabilities of Unipar Divisao Quimica; stakes in Polietilenos Uniao, equivalent to 99% of its total capital, and R$380-million, which was used to acquire 415,224,345 ordinary and 94 preferred shares issued by Riopol. Suzano Petroquimica (SZPQ) also transferred, under the same conditions, ordinary shares of Riopol to BNDES.