February 7, 2018 / 11:09 PM / 2 months ago

Alpek receives regulatory approval for purchase of Petrobras units

MEXICO CITY, Feb 7 (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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