IN BRIEF: Colombia's Terpel advances acquisition transactions

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Friday, April 21, 2017

The board of Colombian fuel distributor Terpel approved the hiring of an investment bank for the structuring and financing process required following agreements signed by Copec, Mobil Petroleum Overseas and ExxonMobil Ecuador Holding.

In November, Chilean group Copec, which controls Terpel, announced it signed the deals to buy ExxonMobil assets in Colombia, Peru and Ecuador.

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