Spains Repsol sells Chile unit for 540 million

first_img How men can have a healthy 2019 Sponsored Stories Patients with chronic pain give advice Top Stories Think Tank analyzes the second round of Democratic debates MADRID (AP) – Spanish energy firm Repsol is selling a Chilean natural gas unit for $540 million in cash and will use $317 million of the proceeds to pay off debt.Repsol SA says in a statement Wednesday that it is selling Repsol Butano Chile to a consortium of Chilean investors.Repsol Butano Chile holds a 45 percent stake in the Lipigas natural gas firm, a major player in sales of bottled gas used by residences and business. Repsol says Lipigas controls 38 percent of Chile’s bottled natural gas market. It has 1,000 distributors. Bottled natural gas is used widely throughout Latin America. Comments   Share   last_img read more

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