Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SANTIAGO STOCK EXCHANGE  >  Empresas Copec SA    COP   CLP7847L1080

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Chile Supreme Court Approves Copec's Terpel Sale to Quinenco

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/02/2013 | 10:45pm CEST

Chile's Supreme Court on Wednesday said it approved holding company Quinenco SA's (QUINENCO.SN) acquisition of the local assets of Colombian fuel company Terpel. Terpel is indirectly controlled by fuel and forestry conglomerate Empresas Copec SA (COPEC.SN).

The Supreme Court revoked an April ruling by Chile's TDLC antitrust court, which rejected the deal due to concerns that both Copec and Quinenco had a high rate of participation in the Chilean fuel market.

Quinenco agreed in September 2011 to buy Terpel Chile's assets for $320 million from Copec, which needed to sell certain assets to be in compliance with Chilean competition regulations.

Quinenco's purchase of Royal Dutch Shell PLC's (RDSA, RDSA.LN, RDSB, RDSB.LN) local business, however, didn't make it a suitable buyer, according to the TDLC.

In a unanimous decision, the Supreme Court's five members revoked the TDLC ruling but set some mitigation measures, such as requiring the sale of some Quinenco's or Terpel's gas stations, to encourage competition.

Write to Graciela Ibanez at graciela.ibanez@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EMPRESAS COPEC SA
05/10 Workers at BHP's Cerro Colorado mine in Chile plan 24-hour walk-off
05/08 EMPRESAS COPEC SA : ex-dividend day for final dividend
2016 EMPRESAS COPEC SA : ex-dividend day for interim dividend
2016 EMPRESAS COPEC SA : ex-dividend day for final dividend
2015 EMPRESAS COPEC SA : ex-dividend day for interim dividend
2015 EMPRESAS COPEC SA : ex-dividend day for final dividend
2015DJStora Enso Pays $22 Million to End Dispute in Uruguay
2014 EMPRESAS COPEC S.A. : ex-dividend day for interim dividend
2014 EMPRESAS COPEC S.A. : ex-dividend day for final dividend
2013 EMPRESAS COPEC S.A. : ex-dividend day for interim dividend
More news
News from SeekingAlpha
2015 Quest For European Shale Gas Disappoints
2015 PENN VIRGINIA : The Marl Fairway Confirmed Wider
2015 You Can Absolutely, Positively, Retire Early... Maybe
2015 Buying LQD Is A Waste Of Time
2015 ENERGY PORTFOLIOS, 26 MONTHS : Sustainable Energy Up 109%, Fossil Fuel DOWN 11.8..
Financials ($)
Sales 2017 20 029 M
EBIT 2017 1 135 M
Net income 2017 650 M
Debt 2017 5 426 M
Yield 2017 1,31%
P/E ratio 2017 25,75
P/E ratio 2018 24,55
EV / Sales 2017 1,09x
EV / Sales 2018 1,03x
Capitalization 16 346 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 11,7 $
Spread / Average Target -7,3%
EPS Revisions
Managers
NameTitle
Eduardo Navarro Beltrán Chief Executive Officer
Roberto Angelini Rossi Chairman
Rodrigo Huidobro Alvarado Chief Financial Officer
Jorge Ferrando Yáñez Manager-Corporate Research
Juan Edgardo Goldenberg Peñafiel Director
Sector and Competitors
1st jan.Capitalization (M$)
EMPRESAS COPEC SA16 346
EXXON MOBIL CORPORATION-15.09%324 732
BP-13.66%111 792
CHINA PETROLEUM & CHEMICAL CORP9.43%103 085
RELIANCE INDUSTRIES LIMITED45.85%79 765
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%78 400