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IN BRIEF: Peru's Pampilla to offload subsidiary

Bnamericas
IN BRIEF: Peru's Pampilla to offload subsidiary

Peruvian refiner La Pampilla will hold a general shareholder meeting next month to discuss the sale of subsidiary Repsol Comercial (Recosac) which stores, transports, distributes and sells hydrocarbons and derivatives, including LPG.

In an announcement, Repsol-controlled Pampilla said sale proceeds would be used to complete financing for the modernization of its refinery. Pampilla has set Recosac's equity value at US$92mn.

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