Arroyo Energy Investment Partners LLC acquired Gasmar S.A. from Empresas Gasco S.A. (SNSE:GASCO) and Abastecedora de Combustibles S.A. for approximately $420 million on May 22, 2021. The transaction is subject to customary closing conditions, including receipt of regulatory approvals. Juan M. Naveira, Benjamin Rippeon, Jasmine Hay and Jon Vicuña, Steve DeLott of Simpson Thacher is representing as legal advisor to Empresas Gasco S.A. and Abastible S.A. Banco Santander, S.A. (BME:SAN) acted financial advisor to the company.

Arroyo Energy Investment Partners LLC completed the acquisition of Gasmar S.A. from Empresas Gasco S.A. (SNSE:GASCO) and Abastecedora de Combustibles S.A. on May 22, 2021. Arroyo Energy Investment Partners secured a $335 Million Financing from a group of banks including laro & Cia advised MUFG Bank, Ltd.; Scotiabank; BNP Paribas adb Sumitomo Mitsui Banking Corporation (SMBC). Bill Parish, Carlos Viana, Fern Hahn, Chad McCormick and Michael Rodgers of White & Case LLP acted as legal advisors to Arroyo Energy Investment Partners. Roberto Guerrero and Tomás Kubick of Cuatrecasas acted as legal advisors to Empresas and Abastecedora. Pedro García Morales, Cristóbal Fainé, Federico Espinosa Fernández, Thomas Dawes Vicuña and Santiago Mesías and Macarena Fuentes Noguera of Garrigues Law Firm acted as legal advisor to Arroyo Energy Investment Partners LLC. Milbank advised MUFG Bank, Ltd.; Scotiabank; BNP Paribas and Sumitomo Mitsui Banking Corporation (SMBC) with Jaime E. Ramírez, Daniel D. Bartfeld, Miguel Durán and John Kim. Claro & Cia. advised MUFG Bank, Ltd.; Scotiabank; BNP Paribas and Sumitomo Mitsui Banking Corporation (SMBC) with José Luis Ambrosy, Joaquín Rodríguez, Alberto Eguiguren and María Jesús Muñoz. As of July 26, 2021, Chile's National Economic Prosecutors Office (FNE) has approved the transaction.