Unigel Signs Deal to Sell Mexican Asset to Verzatec

Unigel signed an agreement to sell 100% of Plastiglas to Verzatec, company said in a statement.

• Sale is in line with the company’s plan to readjust its capital structure
• Closing of the transaction depends on regulatory approvals
• Company didn’t specify the economics of the transaction citing confidentiality clauses
  • Sale’s proceeds to be used to strengthen the company’s cash position

Original Story:Unigel assina acordo para venda da Plastiglás no México

To contact the translator on this story:
Rachel Gamarski in Sao Paulo at rgamarski@bloomberg.net

Reporter on the original story:
Vinícius Andrade in São Paulo at vandrade3@bloomberg.net

Editors responsible for the ...