Organización Terpel S.A. Completes Acquisition of Andean Lubricant and Fuel Businesses From ExxonMobil
03.22.18
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The Firm represented Compañía de Petróleos de Chile COPEC S.A. (“Copec”) and Organización Terpel S.A. (“Organización Terpel”), a subsidiary of Copec, in connection with Organización Terpel’s direct and indirect acquisition of the fuel and lubricants business of ExxonMobil in Colombia, Peru and Ecuador. Organización Terpel obtained financing for the acquisition. As part of the transaction, Copec and Organización Terpel, on the one hand, and ExxonMobil, on the other hand, have entered into long-term agreements for the blending, marketing and distribution of ExxonMobil branded lubricant products in Chile, Colombia, Peru and Ecuador.
The Simpson Thacher team included David Williams, Borja Marcos and Pablo Richards (M&A; Credit); Marcela Robledo (Intellectual Property); and Jasmine Hay (Tax).