Chile Orders Copec To Shed Local Terpel Unit
Copec acquired a controlling stake in Terpel for about $240 million in 2010, but Chile's Competition Tribunal, known as the TDLC, concluded Thursday that the company would have to shed Terpel's Chilean unit under the country's antitrust laws. Both companies own a considerable number of gas stations in Chile.
Under the terms of the court's ruling,...
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