Empresas Copec S A : Copec becomes majority shareholder of Ampere Energy
June 30, 2023 at 03:52 pm
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The subsidiary announced it is taking control of Ampere Energy, leader in the area of smart energy storage in Spain, which is expanding its geographic presence in Latin America and other markets.
Copec entered the Valencia-based firm in the second half of 2019, acquiring a 13.5% stake, which now reaches 65.2%. This, with the aim of accelerating the energy transition process and expanding its position in the sector internationally.
Arturo Natho, general manager of Copec, noted that "we are motivated and inspired to continue providing solutions that address the challenges presented by the energy transition and solve the needs of our customers. The storage possibilities offered by Ampere are key to increasing the penetration of renewable energies and the energy independence of individuals and companies."
EC - Empresas Copec SA published this content on 30 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2023 14:51:22 UTC.
Empresas COPEC SA is a Chile-based holding company engaged, through its subsidiaries, in the energy and natural resources sectors. The Companyâs operations are structured into four business sectors: the Forestry Business. Fuels Business, Fishing Business and Other Investments. The Company operates in the forestry business through its affiliate Arauco, which produces wood pulp, panel and sawn lumber. The Companyâs fuel business is focused on the liquefied fuels, lubricants, and liquefied petroleum gas and natural gas markets. The Company operates in the fishing business through its affiliate Pesquera Iquique - Guanaye, which produces fishmeal, fish oil, canned and frozen seafood for human consumption. The Company has productive platforms in Argentina, Brazil, Canada, Colombia, the United States and Uruguay. On April 11, 2014, the Company with Inversiones Ultraterra Ltd sold their total stake in Empresa Electrica Guacolda to AES Gener.