Business / Published September 26, 2022

Copec agrees to acquire 100% of Blue Express

The subsidiary announced the purchase of the last-mile company, which provides logistics services for e-commerce and courier services in Chile.

This milestone represents an important step, given the increasing demand for convenience associated with e-commerce logistics, a business with a high growth potential. In addition, Copec’s network of service stations represents a competitive advantage in this market, as it will enable new delivery, pick-up and return points, among other improvements to the delivery service.

Arturo Natho, general manager of the subsidiary, said: “The signing of this agreement is consistent with our purpose, which seeks to enhance the development and mobility of people, companies and the country, generating new solutions for each of our users in all the needs of their daily lives.”

The purchase price is approximately $221 billion, subject to customary adjustments for this type of transaction.