Copec’s Abastible announces the acquisition of LGP operations in Peru and Ecuador

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Copec’s Abastible announces the acquisition of LGP operations in Peru and Ecuador

Abastecedora de Combustibles S.A., Abastible, has agreed with Repsol S.A. the acquisition of the latter’s LPG operations in Peru (Solgas) and Ecuador (Duragas), not including Repsol’s activities in the LPG auto retail business.

With this new acquisition Abastible becomes the third largest LPG player in South America. Under the terms of the agreement, Abastible will pay US$327 million.

The operation in Peru has around 26% market share and sells approximately 570 th. ton a year. Its enterprise value considered in the transaction amounts to PEN980 million (US$294 million).

The operation in Ecuador has approximately 37% market share and sells 405 th. ton a year. Its enterprise value is US$33 million.

List of country news

Country news

  • June 17, 2015

    Amerisur Resources signs agreement with Petroamazonas for the construction of Ecuador-Colombia oil pipeline

    Amerisur Resources has announced the signing of an agreement with Petroamazonas for the construction and use of an Ecuador-Colombia interconnector pipeline for transport of its crude oil. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.