September 20, 2011
LatAm E&P company GeoPark has agreed to sell a 10% stake in its Chilean bus
LatAm E&P company GeoPark has agreed to sell a 10% stake in its Chilean business to Korea’s LG International for $78m in cash. The two are strategic partners since last year after acquiring a portfolio of upstream assets throughout Latin America. In May, LG paid $70m for a 10% stake in the Chile operation. The deal is expected to close in October.