Grupo Terra Could Buy Shell C.A.

The Honduran group is close to acquire Shell's operations in Guatemala, Nicaragua and El Salvador.

Tuesday, September 29, 2009

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".

More on this topic

Sale of Shell El Salvador To Become a Reality

February 2010

The purchase of Shell's Salvadoran operations by Honduras' Grupo Terra could become official in March.

Representatives from the Salvadoran fuel distribution industry explained that the only step remaining is the approval of the Competence Superintendence (SC). This entity has until March 9 to comply.

Shell Sold Gas Stations to Grupo Terra

November 2009

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".

Sale of Shell C.A. Marches On

August 2009

The oil company announced its intention of selling its Central American operations in July 2008. One year later, the process goes on.

Negotiations are lead by a team based on Houston, U.S., and the name of the potential purchaser has not been revealed, for confidentiality reasons, informed Juan Ángel Díaz, Shell Guatemala CEO.

Shell mulls possible sale of operations in Central America

May 2008

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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