Brazil's Braskem buys 14.5% of Quattor's outstanding shares

16 December 2010 22:37  [Source: ICIS news]

SAO PAULO (ICIS)--Brazil's petrochemical producer Braskem acquired 224,598 outstanding preferred shares in Quattor, the company said on Thursday.

The volume purchased in the public tender offer makes up roughly 14.5% of the outstanding shares in Quattor.

Braskem paid Brazilian reais (R) 7.91/share, the company said.

Quattor shareholders that disagree with the acquisition of Quattor shares by Braskem could have their stocks refunded at R7.91/share, Braskem said.

Braskem acquired Quattor from Unipar in January.

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By: Hellen Berger
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