MOVES: Brazil’s Unipar CFO resigns

SAO PAULO (ICIS)–Unipar’s CFO Antonio Campos Rabello has handed in his resignation, effective 29 February, the Brazilian chemicals producer said late on Tuesday.

Campos Rabello was also Unipar’s investor relations officer.

The company’s executive industrial officer, Rodrigo Cannaval, will temporarily assume the position of Investor Relations Officer, said Unipar.

“The company would like to thank Rabello for his management work, especially as to the preparation of a capital structure adequate for the company’s expansion plans, enabling access to several financing sources in terms of currency, financial institutions and markets, as well as the analysis and structuring of growth opportunities,” said Unipar.

Earlier this week, Unipar said it was mulling a joint acquisition with Brazilian chemicals producer Innova, without disclosing more details.

According to a report by Brazilian daily O Globo, the two companies would be looking at an acquisition in the US of around $700 million.