|
|
Article: Argentina: Repsol-YPF to firm state in Lipigas.
- Article from:
- South American Business Information
- Article date:
- September 1, 2000
CopyrightCOPYRIGHT 2000 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Repsol-YPF wants to increase to 100% its participation in the Chilean butane (calor) gas distribution company, Lipigas, in 2003. In Chile, according to the press, the Hispanic-Argentinean firm sent a document to its investors, confirming its intention to operate in the Chilean butane gas market. In the middle of last July, the group signed a strategic alliance with the Chilean group Yaconi-Santa Cruz, main controller of the Lipigas holding, through which it acquired 45% of this company for US$170mil. Lipigas has a 40% quota of the butane gas market in Chile and trades 400,000 metric tons annually. It is formed by four distribution companies: Lipigas, Enagas, Codigas and ...