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