Unipar’s CFO Resigns, Company Eyes Expansion with Joint Acquisition

Unipar, a prominent Brazilian chemicals producer, announced the resignation of its Chief Financial Officer, Antonio Campos Rabello, effective as of February 29th. Alongside his CFO role, Campos Rabello also served as the company’s Investor Relations Officer. In response to this transition, Unipar disclosed that Rodrigo Cannaval, the company’s Executive Industrial Officer, will temporarily assume the responsibilities of the Investor Relations Officer.

Earlier in the week, Unipar hinted at potential expansion plans through a joint acquisition venture with fellow Brazilian chemicals producer Innova. While specific details were not divulged, reports from the Brazilian daily O Globo suggested that the companies are exploring a joint acquisition in the United States valued at approximately $700 million.

Expressing gratitude for Rabello’s contributions, particularly in crafting a robust capital structure conducive to the company’s growth ambitions, Unipar highlighted his role in facilitating access to diverse financing avenues across currencies, financial institutions, and markets. Additionally, Rabello played a pivotal part in assessing and structuring growth opportunities for the company.

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