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Aramco to Enter South American Retail Market with Esmax Acquisition

Saudi Arabian oil giant Aramco has agreed to purchase a 100% equity stake in Chile's Esmax Distribuciรณn SpA (Esmax) from Southern Cross Group, the company said in a statement on Friday. "The transaction is subject to certain customary conditions, including regulatory approvals," the statement said. Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence includes retail fuel stations, airport operations, fuel distribution terminals a...
Saudi Arabia United States Saudi Arabian Mohammed Al Qahtani Esmax Distribuci Valvoline Inc
Source: aawsat.com

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