Aramco acquires Esmax, enters Latin America’s retail market
- Date: 16-Sep-2023
- Source: Eye of Riyadh
- Sector:Oil & Gas
- Country:Saudi Arabia
Aramco acquires Esmax, enters Latin America’s retail market
Saudi Aramco agreed to purchase a 100% equity stake in Esmax Distribusción SpA (Esmax) from Southern Cross Group, a Latin America-focused private equity company. Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence includes retail fuel stations, airport operations, fuel distribution terminals and a