Vila Velha, Unipar tender falls flat

Vila Velha, Unipar tender falls flat

Brazil Equity M&A

Vila Velha’s attempt to pick up outstanding shares in Unipar Carbocloro fell flat after a tender offer for the remaining equity yielded no new stock. Chemicals company Unipar said in a securities filing that Vila Velha picked up no shares in the latest auction. Unipar, therefore, will continue to trade common and preferred shares on the B3 stock exchange in Sao Paulo. In July, the investment fund sought to acquire the stake it does not own in Unipar.Vila Velha was poised to spen

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