Integra buys stake in oil refinery

Integra buys stake in oil refinery

M&A South America Argentina Bolivia Paraguay Oil

Argentine holding company Integra Capital acquired a 50% stake in Refinor, an oil refinery in northern Argentina, from two oil companies on Friday. Refinor said the holding company made the purchase through its Hidrocarburos del Norte unit, without saying how much was paid. Hidrocarburos del Norte acquired 28.5% of Refinor from Pampa Energía and 21.5% from Pluspetrol, two leading local oil and natural gas producers in Argentina. The other 50% is owned by Argentina’s state-backed energy company Y

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