Alpek receives regulatory approval for purchase of Petrobras units – Mexican petrochemical company Alpek said on Wednesday that it received approval from Brazilian regulators for the purchase of two petrochemical units from state-run oil company Petrobras – Alpek purchase Petrobras units

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Alpek receives regulatory approval for purchase of Petrobras units

Alpek purchase Petrobras unitsMEXICO CITY (Reuters) –  Mexican petrochemical company Alpek said on Wednesday that it received approval from Brazilian regulators for the purchase of two petrochemical units from state-run oil company Petrobras .

The close of the transaction, valued at about $385 million, still depends on other conditions, Alpek said in an advisory to the Mexican stock exchange.

Shares of Alpek closed on Wednesday at 26.15 pesos on the local stock exchange, down 1.69 percent, before the announcement.

(Reporting by Stefanie Eschenbacher; Writing by Julia Love; Editing by Leslie Adler)

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