Terpel to Fight Chile Antitrust Decision

Terpel Chile plans to appeal to the country’s Supreme Court the decision by antitrust regulators to block its sale to Quinenco, its Colombian parent says. The UF6.7m ($315m) sale of Terpel Chile to Quinenco agreed last year was overturned last month by authorities, who cited a risk of higher prices due to lack of competition. JPMorgan had advised Terpel and Santander did the same for Quinenco. Terpel has 200 gas stations and 97 convenience stores in Chile. Regulators had said Terpel must still sell its Chilean assets because of its already-high participation in the fuel market.