Copec Targets all of Colombian SIE

Copec Targets all of Colombian SIE

Chile Colombia M&A

Compania de Petroleos de Chile (Copec) plans to launch a public takeover bid for the 47.21% of Colombian energy investment company Sociedad de Inversiones en Energia (SIE) that it doesn’t own. The fuel distributor is offering COP12,700 per share for the 87.02m shares, meaning a COP1.105trn ($568m) purchase if all holders accept. The per share price matches what Copec paid Corficolombiana for a 7.85% stake last month, and represents a 0.32% premium to Monday’s COP12,660 closing price. The illiqui

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