Gasco completes sale of Gasmar terminal to Arroyo Energy
The National Economic Prosecutor's Office in Chile approved the sale by Gasco and Abastible of 100% of the ownership of the Gasmar liquefied gas terminal (LPG) to the US firm Arroyo Energy. Abastible is controlled by Copec. The transaction is valued at US$422 million.
Located in Quintero, Gasmar LPG terminal carries out the import, storage, and backup of two-thirds of the liquefied gas that enters Chile each year.
The Cuatrecasas team acted as financial adviser for Gasco.
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