Quinenco completes acquisition of Shell’s Chilean assets

Quinenco, the holding company for the Luksic group, completed the acquisition of Shell’s fuel distribution assets in Chile for US$633 million deal. The assets will be managed by Empresa Nacional de Energia (Enex). The 300 service stations and 60 convenience stores included in the deal will carry the Shell name.  Rodrigo Infante, general manager of Shell’s fuel distribution business, will retain his position at Enex.  Shell has a 16% share in the fuels distribution business in Chile. (June 2, 2011)