Solvay Indupa is more expensive for Unipar Carbocloro

Entered in the process of sand purchased from Solvay Indupa by Unipar Carbocloro. As reported by the newspaper Valor Econômico, the jam is not for sale, for about 1,000,000 US18, the majority of 70.59% held by Belgian Solvay, but the value of minority share established by brazilian company and spurned by Argentine shareholders during takeover bid (OPA). The Comisión Nacional de Valores entity (CNV) rejected on 15 July last the proposal by to see the inadequacy of utterance two articles of the law and established the term of 26,831 30 days for the Company to raise its offer Carbocloro. The initial proposal, placed on May 13, displayed price embedding 21.7% discount compared to the last place on the local trading session. The minority they argued that, in the rules, the value must be set from the average in the six months prior to the takeover. Sought by the newspaper, Unipar Carbocloro didn''t want to talk, even handling of applications for interview made by Plastics in Magazine about their plans for the production of PVC and caustic soda with plants in Argentina and Brazil. The rejection of the value of the OPA boosts since the high of Solvay Indupa''s shares in the stock market of Buenos Aires.