Valero Energy Corporation VLOrecently acquired Pure Biofuels del Peru S.A.C. from a private-equity firm, Pegasus Capital Advisors L.P. The deal flags Valero's first investment in infrastructure in South America. Valero, which had $4.7 billion in cash and equivalents as of Mar 31, funded the deal with cash.
The financial details of the deal are yet to be disclosed.Valero Enters South American Fuel Market, Aims Growing Demand
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