Shell Sells Chile Assets to Luksic

Royal Dutch Shell agreed to sell $614m of its downstream assets in Chile to Grupo Luksic subsidiary Quinenco. The sale includes all of Shell’s retail, commercial fuels, bitumen and chemicals businesses, in addition to related supply and distribution infrastructure in Chile. Shell is understood not to have used any advisors. Quinenco is understood to have used Santander as an advisor. Quinenco did not return calls for comment.