Gasco ordered to sell gas distribution business

Gasco ordered to sell gas distribution business

M&A Energy Gas Regulation Chile

Chile's Empresas Gasco said it will sell its controlling stake in Gasmar after the Supreme Court ruled that its ownership of two natural gas distributors raised the risk of limiting competition. Gasco had appealed lower court orders for the sale, but with the latest decision it must offload its 63.8% stake in Gasmar within 18 months "from the time the sentence is final and enforceable," it said in a securities filing.Gasco distributes gas and liquid petroleum gas (LPG) to homes and businesses ar

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