SAO PAULO (Reuters) – Unipar Carbocloro will receive US$80 million in the fourth quarter, after an agreement related to the acquisition of Indupa, the company said in a relevant fact on Tuesday.
The company reached an agreement with the Belgian company Solvay, which sold Solvay Indupa to Unipar in December 2016. The parties agreed some terms of the contract this Tuesday, said a source with knowledge of the matter.
When the deal closed, Indupa was valued at US$202 million.
Unipar will also carry out the prepayment of a debt of 136 million dollars of Indupa, using proceeds from a long-term issuance, the source added.
(Reporting by Tatiana Bautzer)
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