Delta Oil Acquires Shell Panama's Assets

The Panamanian company acquired the entire assets and operations of multinational Shell in the country.

Friday, October 15, 2010

The amount was not disclosed.

Through the acquisition Delta takes over property, equipment, distribution agreements, supply and leasing owned by Shell Panama.

The Panamanian company now controls 40% of service stations nationwide.

"This new agreement will be verified by the Consumer Protection and Competition Authority to prevent the process to allow concentration among large companies," says Prensa.com.

More on this topic

Costa Rica: Real Estate Funds Grow by 7%

July 2014

In the last twelve months, the total amount of assets managed by property funds increased by $68 million, to $966 million.

More purchases of new property by managers and revaluations of existing ones partly explain the increase in assets managed by real estate funds in the country, which as of June 13, had a total portfolio of $966 million.

Behind the Sale of Telefonica's Assets

July 2013

According to the president of the Spanish multinational, the sale of $500 million worth of its assets in Guatemala, El Salvador, Nicaragua and Panama will serve to "enhance" the company in the region.

Cesar Alierta, chairman of Telefónica, said the sale, in which it is not control that is being transfered, but merely ownership, "will enhance the Central American market because it provides a local vision" for the business.

Petróleos Delta Acquires Assets of Shell Costa Rica

March 2011

Petróleos Delta closed negotiations to purchase Shell and will invest $ 4 million over the long term in the network of gas stations.

The new company will also operate the 13 convenience stores located at the gas stations.

"Both services will change name and corporate identity over the short term, the CEO added.

Duke Energy Evaluates its Central American Assets

July 2010

The company is considering whether to monetize its Central American investments.

In a recent conference call Keith Trent, president of the company’s Commercial Businesses organization, was asked about which assets might be monetized and where. He responded that the company, “looks at the returns on assets and opportunities for reinvestment”.

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