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Petrobras & Unipar create a global petrochemical company
16
Jun '08
Giving continuity to the process of forming the Petrochemical Company announced on November 30 2007, Petrobras announces that Unipar completed the transference, to its Fasciatus Participações S.A. (“Fasciatus”) subsidiary, of the following assets it owns.

Stakes in Rio Polímeros S.A., represented by 423,965,910 ordinary shares and 96 preferred shares, equivalent to 33.33% of its total capital; stakes in PQU, represented by 27,478,451 ordinary shares and 23,972,650 preferred shares, equivalent to 51.35% of its total capital; all of its property and rights and liabilities of Unipar Divisão Química; stakes in Polietilenos União S.A. (“PU”), represented by 48,224,949 ordinary shares, equivalent to 99% of its total capital; and R$380 million, which were used to acquire 415,224,345 ordinary shares and 94 preferred shares issued by Riopol, for R$0.9152 per share. Suzano Petroquímica also transferred, under the same conditions, 105,991,512 ordinary shares of Riopol to BNDES Participações S.A. (BNDESPAR).

Petroquisa transferred to Dapean Participações S.A., a company under its control and under the control of Petrobras, the stakes it had in PQU, represented by 9,135,188 ordinary shares and 9,135,190 preferred shares, equivalent to 17.44% of its total capital. As a result, Dapean Participações S.A. will now hold 76.6% of SZPQ's total capital and 17.44% of PQU's total capital.

Fasciatus was incorporated by Dapean Participações S.A., which had its company namechanged to Quattor Participações S.A. (“Quattor Participações”). With the incorporation, Unipar now holds 60% of the voting and total capital of Quattor Participações, while Petrobras 31.9% and Petroquisa 8.1%. As announced on November 30 2007, Unipar will hold control over Quattor Participações, and Petrobras and Petroquisa, as relevant minority shareholders, will hold the rights foreseen in Quattor Participações' Shareholder Agreement.


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