Terra has had operations in El Salvador since 2007, through its associate 'Grupo Uno'.
Miguel Pérez, Terra representative in El Salvador, told local news site Elsalvador.com: "...Terra is participating in the purchase of Shell's operations ... it is not clear in which countries we could have presence, as there is another company competing for these assets".
The Honduran company won the competition for Shell's distribution network in Guatemala, Nicaragua and Honduras.
The sale was confirmed by Fabricio Pereira, Manager at Shell Costa Rica, to Elfinancierocr.com.
Pereira explained that "the agreement includes operation, marketing and sales in those countries, including Shell's strategic alliances. This deal also includes a clause to maintain the Shell brand in these countries".
Shell is reviewing its Central American operations with a view to selling them, following what is says was an unsolicited offer from another party.
"This doesn't mean Shell is going to close its operations in Central America," said Leobardo González, the company's general manager in El Salvador, "but it is going to evaluate them to see what the alternatives are."
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