Parties
Company
Aramco
Company
Southern Cross Group (Esmax Distribusción SpA)
Aramco, one of the world's leading integrated energy and chemicals companies, has agreed to purchase a 100% equity stake in Esmax Distribusción SpA from Southern Cross Group, a Latin America-focused private equity company. The transaction is subject to certain customary conditions, including regulatory approvals.
Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence includes retail fuel stations, airport operations, fuel distribution terminals, and a lubricant blending plant.
Aramco's planned acquisition of Esmax would be its first Downstream retail investment in South America.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date