Ancap reviews offer for Argentine asset

Ancap reviews offer for Argentine asset

Corporate & Sovereign Strategy M&A Argentina Middle East Latin America Uruguay

Ancsol, a holding company owned by Uruguay's state-owned oil company Ancap, will analyze a $45 million offer from a Middle Eastern trading company to buy its stake in the Argentine chemicals producer Carboclor after no additional bids surfaced, Carboclor said on Monday. The Campana, Argentina-based company said Pure Life General Trading, an oil and natural gas trader headquartered in the United Arab Emirates (UAE), has made the only offer for Ancsol's 84.1% stake in Carboclor. After receiving Pu

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