Unipar Carbocloro S.A. (BOVESPA:UNIP6) made a tender offer to acquire remaining 12.2% stake in Unipar Indupa S.A.I.C. (BASE:INDU) for ARS 1.1 billion on August 14, 2019. As of October 21, 2019, Unipar Carbocloro S.A. changed the price per share offered to the minority shareholders of Unipar Indupa Argentina, from ARS 21.94 to ARS 25.01 subject to approval by Bolsa de Comercio de Buenos Aires (“BCBA”) and Comisión Nacional de Valores. The shares will be acquired for later cancelation of the registration of the company from Bolsa de Comercio de Buenos Aires. The Offer will also be subject to approval by the Board of Directors and the shareholders of Unipar Indupa Argentina. The Offer will start after (i) complying with the precedent conditions; (ii) Unipar Indupa Argentina's members of the Board of Directors approve the Offer and delisting from BCBA; (iii) Unipar Indupa Argentina's shareholders ratify the Board's decision; and (iv) the Comisión Nacional de Valores de Argentina ratifies the decision. The deal was approved by the Board of Directors of Unipar Carbocloro S.A. As of September 16, 2019, an Extraordinary Shareholders' Meeting of Unipar Indupa S.A.I.C. approved (i) the voluntary delisting of the shares traded at Bolsa de Comercio de Buenos Aires, due to the tender offer for cancellation of registration as a publicly held company, subject to approval by BCBA and Comisión Nacional de Valores; and (ii) the execution of a tender offer at a price per share offered by Unipar Carbocloro S.A. to the minority shareholders of Unipar Indupa Argentina of ARS 21.94. The deal was approved by the Comisión Nacional de Valores. The offering period will be from November 8, 2019 to November 22, 2019. As of November 21, 2019, acceptance notices have been received for a total of 35,119,027 shares. Last day for delivering acceptance notices is November 22, 2019.

Unipar Carbocloro S.A. (BOVESPA:UNIP6) completed the acquisition of 10.7% stake in Unipar Indupa S.A.I.C. (BASE:INDU) for ARS 1.1 billion on November 22, 2019. The offer period ended on November 22, 2019, with acceptance of 44.150972 million shares and final price per share of ARS 25.01.