Copec completed the acquisition of Blue Express from Kinza Capital and Altis Principal Investments for $225m.

Copec, a Chilean energy and forestry company, completed the acquisition of Blue Express, a provider of logistics services for e-commerce and courier services in Chile, from Kinza Capital and Altis Principal Investments for $225m. This milestone represents an important step, given the increasing demand for convenience associated with e-commerce logistics, a business with a high growth potential. In addition, Copec’s network of service stations represents a competitive advantage in this market, as it will enable new delivery, pick-up and return points, among other improvements to the delivery service.