Argentine Regulator Blocks Unipar Offer for Solvay Unit

Updated on
  • Unipar has 30 days to resubmit $202 million proposal
  • Belgian chemical maker had sought to sell unit for 4 years

Argentina’s regulator rejected a $202 million offer by petrochemical producer Unipar Carbocloro SA to buy a local unit of Belgium’s Solvay SA, giving the suitor 30 days to resubmit a more favorable offer to minority shareholders of the asset.

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