Empresas Lipigas S.A. has placed 20% of its shares in an Initial Public Offering
Empresas Lipigas S.A. has completed an IPO for 20% of its shares for US$150 million. It is the first IPO in Chile since 2013.
Empresas Lipigas is one of the leading players in the distribution and commercialization of liquefied petroleum gas (LPG) at a residential, industrial, commercial and vehicular level, with presence in Chile, Peru and Colombia. The company started its activities 60 years ago in Chile with extended national coverage. Empresas Lipigas also sells natural gas (NG) for residential clients as well as LNG for industrial clients. Additionally, starting 2016 the company begun the distribution of compressed natural gas (CNG) in Peru.
Oaklins' team in Chile acted as financial advisor to Empresas Lipigas and placement agent for its IPO.
Talk to the deal team
Related deals
Xeros Technology Group has completed a placing, subscription and retail offer
Xeros Technology Group plc has raised funds to drive forward its commercialization strategy.
Learn moreVarsteel, Ltd. has acquired Pacific Steel, Inc.
Pacific Steel, Inc. has been acquired by Varsteel, Ltd.
Learn morePCI Pal has completed an equity raise
PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.
Learn more