1.6K
Chilean Empresas Copec SA said it may seek to buy control of Proenergia Internacional SA to expand in Colombia’s fuel distribution market.
Santiago-based Copec this year bought AEI Colombia Holdings Ltd. and AEI Colombia Investments Ltd., which in turn own already own about 47 percent of Proenergia, according to a letter dated Sept. 20 to Proenergia shareholders from Copec. The letter was posted yesterday on the website of Colombia’s securities regulator.
Proenergia, through a holding company, controls Colombian fuel distributor Organizacion Terpel SA. (Heather Walsh / Bloomberg)
