Colombian Terpel Takes Control Over 206 Stations in Chile

Colombian fuel distributor Terpel on December 26, 2007 took control over the 206 service stations in Chile it had acquired from Spanish Repsol YPF in a $210 mln (143.6 mln euro) deal.

According to corporate information, the acquired assets account for 14 pct of Chilean fuel distribution market.

Terpel competed for the stations with Brazilian Petrobras and Primax, a joint venture of Chilean state oil company Enap and Peruvian conglomerate Grupo Romero.

Terpel (www.terpel.com) operates over 1,300 petrol stations in Colombia with a 42 pct participation on the local market. The company is an affiliate of Colombian gas utility Promigas which is controlled by British Ashmore Investment Management.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: December 27, 2007

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