UNO Corp has acquired an 80% stake in Primax, enhancing its presence in the South American fuel market across Peru, Ecuador, and Colombia.

Target Information

UNO Corp has made a significant acquisition by purchasing an 80% stake in Primax, a renowned fuel distribution company operating in Peru, Ecuador, and Colombia. This transaction marks a pivotal moment in reshaping the fuel sector landscape in the Andean region, as it allows UNO Corp to take control of Primax's comprehensive operational network across these three countries. The acquisition includes hundreds of service stations and distribution centers, strengthening UNO Corp's foothold in the South American fuel market.

Despite losing majority ownership, the Grupo Romero retains a 20% minority and strategic stake in Primax. The Peruvian company, which has investments in various sectors, aims to refocus its efforts on emerging business lines while continuing its involvement in the energy market.

Industry Overview

The fuel industry in South America, particularly in the Andean region, has been experiencing dynamic changes as foreign investments increase and local companies seek to diversify their operations. The sector has historically faced challe