Petroperu's company’s antiquated Talara refinery, which officials hope will benefit from the planned IPO. (Photo: Petroperu)
Monday, December 1, 2014
Special Reports
Petroperu Sale: Scarce Interest
Government’s 51 percent stake will deter investors for planned IPO, experts say.
BY CATHERINE
ELTON
LIMA --- In the second half of 2015, Peru’s government will sell
shares of its state-owned oil company, Petroleos del Peru on Lima’s stock
exchange, providing the company with its first injection of private capital
since it was created in 1969 from expropriated US Standard Oil
properties.
By opening Petroperu to private investors, President
Ollanta Humala’s administration ...
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Keywords: Barrios & Fuentes, Abogados; Ecopetrol; Estudio Galvez Abogados; GeoPark; Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados; Oil; Peru;
Petrobras; Petroperu, Talara