September 14, 2020 |
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
Uruguayan state oil company opens a bidding round after receiving a $45 mln offer for Carboclor from a UAE-based trader