Spain
Cuatrecasas advises Abastible on acquiring Cepsa subsidiary Gasib for €275 million
August 23, 2024
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SubscribeCuatrecasas has advised Chilean company Abastible—liquefied gas leader in Chile, Colombia, Ecuador and Peru—on acquiring Gasib, Spain’s leading butane distributor and subsidiary of Cepsa, for €275 million.
With this transaction, Abastible—part of the multinational company Copec—carries out its first European investment. This will enable it to reinforce its participation in distributing a key fuel in the energy transition, as well as strengthening its leadership in Chile, Colombia, Ecuador and Peru.
The acquisition will place Abastible within the top 10 main global players in the liquefied gas sector. This resource was previously one of the main businesses of the energy area of Empresas Copec, a multinational energy conglomerate which, at the end of last year, had a workforce of 40,000, sales of over $29 billion and EBITDA of $2.3 billion.
The Cuatrecasas advisory team was led by corporate and M&A experts Marcos García, Federico Roig and Flavia Terrés.
August 23, 2024
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