Aramco to scoop up Chilean fuels retailer Esmax from Southern Cross Group

• Founded in 1998, Southern Cross Group is a private equity firm based in Santiago, Chile
• Southern Cross prefers to invest in Latin American companies

Southern Cross Group has agreed to sell Esmax, a Chilean downstream fuels and lubricants retailer, to Aramco. No financial terms were disclosed.

Aramco is a Saudi Arabia-based energy and chemicals company.