Japanese trading and investment conglomerate Marubeni Corporation, together with an infrastructure fund established by Toesca Administradora General de Fondos, have reached an agreement to acquire a 100% stake of GasValpo SpA to enter into the natural gas distribution business in South America. Frontier advised Marubeni during the process, providing regulatory and commercial due diligence support.
GasValpo is the second largest natural gas distribution company in Chile providing natural gas distribution services to approximately 100,000 residential, commercial and industrial customers as of March 2018. GasValpo retains approximately 12% of the market share and mainly services the metropolitan area of Valparaiso Region. Marubeni operates in a range of sectors, including the gas distribution sector, wherein Marubeni owns and operates businesses in Australia since 2011 and in Portugal since 2016. Toesca is a Chilean infrastructure fund with over USD 800 million of assets under management.
Frontier regularly advises companies and regulators on merger and competition issues.
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