Repsol set to sell Peruvian downstream assets for EUR 350m
Repsol, the Spanish oil major, is set to sell its downstream assets in Peru for EUR 350m, the Spanish daily Expansion reported, citing industry sources. The assets, worth a combined EUR 350m, include Repsol’s 51.03% stake in the La Pampilla refinery, along with 374 petrol stations, the report said.
Talks have been held with potential buyers including Primax, a Chilean-Peruvian group that operates petrol stations in Peru and Ecuador, as well as with unidentified investment funds and industrial groups, the report said, adding that, in 2008, Primax paid EUR 32m for Repsol's network of 123 petrol stations in Ecuador.
Other assets that could be put on the block as part of Repsol’s EUR 6.2bn disposals plan announced last week include its 250 petrol stations in Italy, the report added.
Expansion