Santos CMI was sold to Posco Engineering and Contruction and Daewoo Engineering

Headquartered in Ecuador, SANTOS CMI is an engineering and construction company, with expertise in Power, Oil & Gas. The company has successfully executed projects in 18 countries in Latin America and in the Caribbean countries. It has established close and long-lasting relationships with the main equipment suppliers in the region Posco E&C and its subsidiary Daewoo Engineering have acquired a 70% equity stake in SANTOS CMI This is the first acquisition of Posco E&C outside of Korea. SANTOS CMI is a valuable platform for further growth in Latin America Alpax acted as exclusive financial advisor to the Shareholders of SANTOS CMI