Saudi Aramco completed the acquisition of Esmax from Southern Cross Group.

Saudi Aramco, a Saudi Arabian national petroleum and natural gas company, completed the acquisition of Esmax, a fuel and lubricants market industry firm, from Southern Cross Group, a group of legally independent health and insurance-related businesses that share a common brand. Financial terms were not disclosed. “We are delighted to conclude the acquisition of Esmax and look forward to working with the outstanding team on the ground in Chile to achieve our shared ambitions. Aramco aims to be a primary global retail player and this deal combines our high quality products and services, including Valvoline lubricants, with the experience and quality of an established operator in Chile,” Yasser Mufti, Saudi Aramco Executive Vice President of Products & Customers.