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Begreen SGPS SA &
La Seda de Barcelona SA
Update Date: 01/15/09
Date Announced: 08/14/07
Value (million $USD): 10.1 million U.S. Dollar
19.5 million Brazilian Real
Status: Completed
TRANSACTION DETAILS
Date Announced08/14/07
Date Originally Announced08/14/07
FormatAcq. Part. Int.Acquisition techniquesNot Applicable
AttitudeFriendlyAgencyn/a
Value10.1 million U.S. Dollar
19.5 million Brazilian Real
Advisor Feesn/a
SYNOPSIS
BRAZIL - La Seda de Barcelona SA of Spain acquired a 20% stake in Begreen, a manufacturer of polyethylene products, from Grupo Moura, for 19.545 mil Brazilian reais ($7.4 mil euros/$10.075 mil US).
TARGET
NameBegreen SGPS SA
IndustriesUnsupported plastics film and sheet; Synthetic rubber (vulcanizable elastomers)
Cityn/a
Staten/a
NationBrazil
Incorporated inn/a
Public StatusSubsidiary
Business DescriptionBegreen SGPS SA, based in Brazil, manufactures polyethylene products focused in PET films for the food industry.
AdvisorsBanco Espirito Santo de Investimento
Target Salesn/a
ACQUIROR
NameLa Seda de Barcelona SA (Barcelona : SDBC)
IndustriesCellulosic manmade fibers; Manmade organic fibers, except cellulosic; Plastics products, nec; Unsupported plastics profile shapes
CityBarcelona
Staten/a
NationSpain
Incorporated inn/a
Public StatusPublic
Business DescriptionLa Seda de Barcelona SA, located in Barcelona, Spain, manufactures plastics resin and synthetic fibers including natural fabrics, yarn and rubberized fabrics. The company was founded on May 23, 1925.
AdvisorsNULL
Acquiror Sales1.40 billion U.S. Dollar
1.03 billion EURO
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