Solvay sells 70,59% of Indupa to Brazilian company Unipar

Reading Time: <1 minute

03 May 2016

Last updated 31/03/2025

Brussels, May 3, 2016 (AFP) - Chemical multinational Solvay announced Tuesday an agreement to sell 70,59 percent of its stake in Argentine petrochemical company Solvay Indupa to Brazilian Unipar Carbocloro. The total value of the company is $202,2 million, the group said, and the sale is subject to approval by competition authorities. The petrochemical company Solvay Indupa, founded in 1948, produces PVC and caustic soda. It has 956 employees, divided between two factories in Brazil and Argentina.

Access our free report: http://conteudo.costdrivers.com/petroleo

GEP Brazil

Content from those who understand the market and master costs

We analyze data, connect trends and transform everything into practical knowledge — for those who need more than an opinion: they need a reference to make decisions with confidence and strategy.