This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Cepsa compra Artenius San Roque por 32 millones a La Seda de Barcelona

Cepsa buys Artenius San Roque for 32 million to La Seda Barcelona

13/01/2011

on January 13, 2011

The silk de Barcelona, S.A. (LSB) and cepsa Química, S.A., wholly owned by Spanish company of Petróleos, S.A., have formalized the agreement of purchase and sale of Artenius San Roque, S.A.U., until now owned by the Silk of Barcelona.

This operation, LSB sells 100% of the shares of Artenius San Roque to the Cepsa group, through Cepsa Química S.A. The value of the transaction, of about 32 million euros, includes the price of 100% of value of the shares of Artenius San Roque, factory located in Cadiz, as the value of the net debt of society, to the closing date.

For its part, the company Artenius San Roque, S.A.U., became Cepsa chemistry PET (CQ PET, S.A) and maintains a staff of 40 workers, while other 19 professionals from Artenius San Roque become integrated into different departments of Cepsa chemistryS.A.