16 August 2013 23:49 [Source: ICIS news]
HOUSTON (ICIS)--Brazil-based Petrobras plans to sell its styrenics producer Innova to Videolar for reais (R) 870m ($372m, €279m), Petrobras said on Friday.
The deal is subject to regulatory approval.
Innova has been for sale since late 2012.
Petrobras bought the company in 2011 for $332m.
($1 = €0.75, $1 = R2.34)
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