Pan American to sell service stations in Uruguay

Pan American to sell service stations in Uruguay

M&A Corporate & Sovereign Strategy Energy Oil Commerce Latin America South America Argentina Paraguay Uruguay

Pan American Energy (PAE), a leading oil producer and refiner in Argentina, said it has reached a preliminary agreement to sell its service station network in Uruguay to a consortium that includes Paraguay's Copetrol, the second M&A deal in that country's downstream business in less than a year. "The closing of the transaction is subject to obtaining the corresponding regulatory approvals and other usual conditions in this type of operation," a source at the Buenos Aires-based company said o

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