Brazilian antitrust approves sale Solvay Indupa Unipar

Brazilian antitrust approves sale of Solvay Indupa to Unipar

8:00 AM, 8th December 2016

BRUSSELS, BELGIUM: Solvay SA has received clearance from the Brazilian antitrust authority, CADE, for the agreed sale of its 70.59 percent stake in Solvay Indupa to chemical group Unipar Carbocloro.

Unipar Carbocloro is a publicly traded Brazilian chemical company, located in Sao Paulo.

Upon the completion of the transaction, at a total enterprise value of $ 202.2 million as declared in May, is expected to take place in the next weeks. Solvay Indupa produces Polyvinyl chloride (PVC) and caustic soda in Brazil and Argentina.    

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