Copec inks agreement with ExxonMobil

Copec inks agreement with ExxonMobil

Chile Colombia Ecuador M&A

Empresas Copec has signed an agreement with ExxonMobil to produce and distribute lubricants and fuels in Colombia, Ecuador and Peru. The Chilean fuel company said it could invest up to $747m for ExxonMobil’s fuel business in Colombia and Ecuador. Copec will also take control of ExxonMobil Ecuador and ExxonMobil Andean Holding and its subsidiaries. Copec added that it intends to resell the Colombian fuel business it acquires from ExxonMobil. The transfer is expected to take place

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