Valero subsidiary snaps up PBF equity

Valero subsidiary snaps up PBF equity

M&A Peru

Valero Energy Corp. has agreed to by the equity interests in Pure Biofuels del Peru (Pbf) from Pegasus Capital Advisors and other minority shareholders. The transaction was funded with Valero's cash reserves for an undisclosed price, said Pegasus Capital in a statement. Pbf, Peru's third-largest fuel importer, has a supply platform with more than 500 customers encompassing retail, mining and the airlines sector. Valero will also pick up fuel refining product terminals in Peru's Callao port and i

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