Unipar Carbocloro S.A. (BOVESPA:UNIP6) made an offer to acquire remaining 24.4% stake in Solvay Indupa S.A.I.C. (BASE:INDU) from minority shareholders for approximately ARS 350 million on January 23, 2017. Unipar Carbocloro S.A. offered to acquire all outstanding ordinary shares of Solva Indupa not currently owned by Unipar, at a price of ARS 3.47 per share. The offer will start on January 23, 2017 and will end on February 17, 2017. An additional offer period will begin on February 20, 2017 and end on February 24, 2017. The offer was approved by Comision Nacional de Valores on January 5, 2017. As of February 23, 2017, the minority shareholders has participated in the tender offer for the total amount of the shares, a total amount of 69.2 million shares has been offered. Banco Santander Río S.A. acted as transfer agent.

As of March 22, 2017, the name of Solvay Indupa S.A.I.C. (BASE:INDU) changed to Unipar Indupa S.A.I.C. (BASE:INDU) with authorized listing in Mercado de Valores de Buenos Aires S.A. under ticker INDU.

Unipar Carbocloro S.A. (BOVESPA:UNIP6) completed the acquisition of 17.2% stake in Solvay Indupa S.A.I.C. (BASE:INDU) from minority shareholders for approximately ARS 250 million on February 24, 2017.