Ancap seeks better offers for Argentine asset

Ancap seeks better offers for Argentine asset

M&A Argentina Middle East Latin America Uruguay

Ancsol, a holding company owned by Uruguay's state oil company Ancap, has opened a bidding round for its stake in the Argentine chemicals producer Carboclor after receiving an offer from a Middle Eastern trading company, Carboclor said on Friday. The Campana, Argentina-based company said the bid came from Pure Life General Trading, an oil and gas trader based in the United Arab Emirates. The bid led Ancsol, which owns 84.1% of Carboclor, to seek potentially better offers by a deadline of October

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