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After a process that represented in Terpel the sale of some of the assets that she owned at the Bucaramanga plant, for an amount of about 41,453 million pesos, Terpel finally retained the lubricant business of ExxonMobil, In 1965, the Superintendency of Industry and Commerce (SIC) conditioned the affairs between the two oil companies (the Exxon activities in Colombia, in Peru and Ecuador were included, for an amount of 271,231 million pesos). amount of 2.03 billion pesos); Terpel had to leave its operations at the Bucaramanga factory, arguing that the case constituted a possible violation of the antitrust law.
And the importance of the business decision was based on the fact that the two companies handle about 54% of "C & # 39; is a complex process, which we conducted with the highest standards Ethical, professional and technical Terpel follows any structural limitation to achieve leadership positions in the lubricant sector in Colombia, Peru and Ecuador, "said Sylvia Escobar President of Terpel, through a statement
Through the financial superintendency, Terpel added that "the transaction was conducted in strict compliance with the deadlines and conditions established by the SIC. functioning of the markets during the integration process. "
On behalf of this business, ExxonMobil's assets in the lubricants segment go to Terpel; that is, the Cartagena plant is included: contracts, inventory, packaging, raw materials, laboratory equipment, distribution centers, and shares of the US oil company.
Exxon Mobil Colombia Sociedad Portuaria had the construction, expansion, improvement, conservation, maintenance and modernization of a port in the port area of Cartagena now pass into the hands of Terpel. For this activity, the Colombian oil company has allocated about 207 million pesos.
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