Yaconi-Santa Cruz forms strategic alliance with Repsol-YPF
Jul 21, 2000 02:00 AM
The Yaconi-Santa Cruz group formed a strategic alliance with Repsol-YPF in order to grow the LPG business in Chile,
Peru and Bolivia. Due to the partnership, Yaconi-Santa Cruz sold a 45 % stake in Lipigas to Repsol-YPF. The Lipigas
group, created recently, will control in Chile gas distributors Codigas, Lipigas, Enagas and Agrogas. Market sources
say that other assets may be also sold off, like Colbun's and Electroandina's.
Yaconi-Santa Cruz has recently sold its 50 % stake in GasValpo to AGL. Yaconi-Santa Cruz posted gross profit of $ 34
mm last year on sales of $ 219 mm
Source: Bridge News via Newspage
