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The gas company has announced that it has acquired 51% of Plater Investment for approximately $ 3.1 million.
Lipigas deepens its internationalization by expanding its activities in Central America. The gas company said it has acquired 51% of Plater Investment, a company based in the Dominican Republic with liquefied natural gas (LNG) distribution activities in the country and in Haiti.
"This acquisition is part of Lipigas' strategy for diversification and internationalization of companies in which the company has knowledge and experience in the acquisition of the Plater transaction. allows Lipigas to gain access to new businesses in the Caribbean and Central America.To complete the acquisition, Lipigas would be subsidiaries in the Dominican Republic and Haiti, "the company said. of an essential fact transmitted to the Financial Market Commission (CMF).
This transaction represents an expense of approximately US $ 3.1 million, broken down by $ 700,000 of share purchase and $ 2.4 million of capital increase.
Lipigas added that in 2017, the Dominican company had sales of US $ 14.3 million and an EBITDA of US $ 2.4 million. Last December, badets reached $ 14.3 million and financial liabilities $ 9.8 million.
The operation would be closed within 90 days.
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