Home / Knowledge / News / Textiles / Petrobras & Unipar create a global petrochemical company
Petrobras & Unipar create a global petrochemical company
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.

Must ReadView All

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

Indian GDP to grow at 7.5% this fiscal: Arun Jaitley

The GDP of India will grow at the rate of 7.5 per cent in 2017-18 as...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search