September 27, 2022 |
Chilean energy and forestry conglomerate Empresas Copec signed an agreement to acquire local courier and logistics firm Inversiones Blue for CLP221 billion ($223 million), according to a securities filing.
Copec said the purchase will be financed with cash on hand as well as debt. The company also said the operation is expected to have a positive effect on its financial results, though it added that for now these are unquantifiable.
Inversiones Blue operates under the Blue Express brand and spec
Chilean energy and forestry company reaches a deal to acquire the owner of Blue Express for $223 mln