Aramco's logo is pictured at an oil facility in Abqaiq, Saudi Arabia. (File photo: Reuters)

Saudi Aramco agrees to purchase 100 pct equity stake in Esmax Distribusción SpA

Reuters

Published: 15 September ,2023: 05:56 PM GST Updated: 15 September ,2023: 06:50 PM GST

Saudi Arabian oil giant Aramco agreed to purchase a 100 percent equity stake in Chile’s Esmax Distribución SpA (Esmax) from Southern Cross Group, the company said in a statement on Friday.

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“The transaction is subject to certain customary conditions, including regulatory approvals,” the statement added.

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