Copec Adds in Colombia

Chilean fuel distributor Compania de Petroleos de Chile (Copec) has agreed to acquire 7.85% in Colombian firm Sociedad de Inversiones en Energia (SIE), from Colombian financial company Corficolombiana for about COP183bn ($102m). Copec will pay COP12,700 per share for 14.48m shares The move follows Copec’s purchase of Colombian fuel distributor Terpel in 2010. Last year Copec bought 56.15% in Proenergia Internacional, which controls fuel distributor Terpel through SIE.