June 16, 2022 |
Latin American private equity firm Southern Cross Group is looking to sell a chain of gas stations in Chile that distributes fuel under the Petrobras brand, according to local press reports.
Southern Cross has hired Scotiabank and Bank of America to find buyers for Esmax Distribución, Chile's third biggest fuel retailer with 294 service stations, local newspaper El Mercurio reported.
The private equity firm, which focuses on Latin America, bought the business from Petrobras for $470 million in 2
Private equity firm hires banks to sell the Esmax chain that distributes fuel under the Petrobras brand