Petroperu to sell shares on Lima stock exchange this year


Petroperu to sell shares on Lima stock exchange this year

LIMA -- Peru's Energy and Mines Minister Jorge Merino said state-owned Petroleos del Peru or Petroperu, will sell shares on the Lima Stock Exchange later this year, according to newspaper Gestion.

"I estimate that before the end of this year Petroperu will list its shares on the stock market," Mr. Merino was quoted as saying on Tuesday.

Petroperu already provides financial information to the nation's stock market regulatory agency but no shares trade.

Mr. Merino also told the newspaper that any purchase by the government of assets that Spain's Repsol may sell in Peru won't be done using funds from the treasury.

Energy and Mines Ministry representatives werent' immediately available for comment.

Government officials have said any purchase by Petroperu of Repsol assets will be done alongside a private-sector partner.

Repsol owns the largest refinery in Peru, and a chain of service stations.

Petroperu currently runs refineries, a pipeline and leases gas stations.

Dow Jones Newswires


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