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BP PLC (BP.)

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BP : Chile's Lipigas Creates New Subsidiary in Colombia

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12/04/2016 | 11:58am CET

Companies Lipigas SA reported a material event to the Superintendency of Securities and Insurance of Chile, the creation of the subsidiary in Colombia RedNova ESP SAS, whose purpose is the development of the business of gas distribution networks in different municipalities of the country. The decision was approved by the Board of the Company on 30 November.

It is recalled that Lipigas Companies SA has, since 2010, with a presence in Colombia through Chilco, through its brands: GasPais, Progas, Giragas, Gas Sumapaz, Gases del Cauca and LiderGas.

(c) 2016 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 186 452 M
EBIT 2016 5 069 M
Net income 2016 2 500 M
Debt 2016 34 500 M
Yield 2016 6,58%
P/E ratio 2016 47,44
P/E ratio 2017 15,06
EV / Sales 2016 0,78x
EV / Sales 2017 0,64x
Capitalization 111 179 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 6,24 $
Spread / Average Target 5,1%
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NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
Brian Gilvary Group Chief Financial Officer & Executive Director
Cynthia Blum Carroll Independent Non-Executive Director
Paul Milton Anderson Independent Non-Executive Director
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