Friday, January 08, 2010

Geyer, stake holder in Quattor, plans to outbid offer by Braskem SA

Alberto Geyer, a shareholder in Quattor Petroquimica SA, plans to outbid any offer made by Braskem SA for an indirect controlling stake in the Brazilian petrochem maker. The son of Unipar founder; Geyyer seems set to raise his 240 mln real (US$139 mln) offer for 76% of Vila Velha Participacoes, in which he currently owns 24% stake.

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