04 January 2008 12:18 [Source: ICIS news]
LONDON (ICIS news)--Petrobras Energy has finalised the sale of its 40% share in Petrochemical Cuyo to Admire Trading Company and Grupo Investor Petrochemical for $32m, the Brazilian company announced late on Thursday.
Prior to the sale of the shares Petrobras was the second biggest shareholder - Sieleki Group held a 50.5% stake and other shareholders held 9.5% of the company’s stock.
Cuyo Petrochemical produces and sells polypropylene, homopolymers, impact copolymers and random and composite copolymers.
Peter Salisbury contributed to this story
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