While the sale transaction signed with Corporación Primax SA and Coesti SA is being executed, the control and operation of the business continues to be the responsibility of Terpel. Operation for the assets and subsidiaries in Peru and Ecuador will total an amount of US$64 million.
The Colombian company Terpel draws up a purchase and sale agreement for its taps and stores with Primax SA and Coesti SA in Peru and Ecuador. This in order to strengthen their businesses and generate greater profitability in countries where there are possibilities of scale. The disposal of its assets and subsidiaries in both Peru and Ecuador will total US$64 million.
While The control and operation of the business will continue to be the responsibility of the Colombian company.the company specified that the transaction will be executed after complying with the approval of the competent authorities and the regulations that govern each country.
The sales contract signed with Corporación Primax SA and Coesti SA represents a business reconfigurationgiven that the company will continue to manufacture and market Mobil lubricants in Peru.
Likewise, it will continue with the marketing of aviation fuels, the wholesale sale of liquid fuels, and the dispatch and operation of Vehicular Natural Gas (NGV) intended for mass transportation in the capital city, bringing the value proposition of these segments to consumers. and strengthening its leadership in the market.
Source: Larepublica
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