Sale of a 70% Equity Stake in SANTOS CMI to POSCO Engineering & Construction and Daewoo Engineering

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

  • Deal Stage:  closed transaction
  • Service:  sell
  • Sector: Industrials and Manufacturing
  • Sub-sector: Bldg./Const./Engin.
  • Contact Email: diego.borrero@alpax.com

Description

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

Members of this Deal

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Diego Borrero
Americas
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