Reuters: Mergers News: Chile rejects Quinenco bid for Terpel Chile assets

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Chile rejects Quinenco bid for Terpel Chile assets Apr 27th 2012, 16:19 SANTIAGO, April 27 | Fri Apr 27, 2012 12:19pm EDT SANTIAGO, April 27 (Reuters) - Chile's antitrust regulator TDLC said on Friday it rejected a bid by Quinenco, the holding company controlled by the Luksic family, to buy assets of fuel company Terpel in Chile, citing risks of higher prices through lack of competition. Quinenco said last year it planned to buy all the assets for around $320 million.

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