Luksic Adds Terpel Chile Assets

Chiles Quinenco, a conglomerate controlled by the Luksic Group, has agreed to acquire fuel distributor Terpel Chile from Colombia’s Terpel for UF6.7m ($315m). Quinienco plans to incorporate the gas station and related assets into the platform of the Shell Chile assets it acquired earlier this year. The acquisition price includes US$49m in working capital which could be subject to change before the close of the deal, which still remains to be approved by antitrust regulators. Terpel advised by JPMorgan, while Santander did the same for Quinenco.