Sociedad Comercial del Plata S.A. cancelled the acquisition of 2.1% stake in Compañía Petrolera, Refinadora, Comercializadora y Distribuidora del Plata S.A. (Petrolera del Plata) from Moltta Consultadoria e Marketing S.A.

Sociedad Comercial del Plata S.A. (BASE:COME) agreed to acquire 2.1% stake in Compañía Petrolera, Refinadora, Comercializadora y Distribuidora del Plata S.A. (Petrolera del Plata) from Moltta Consultadoria e Marketing S.A. on June 14, 2018. As part of transaction, 34,704 ordinary shares of Petrolera del Plata will be acquired. Post transaction, Sociedad Comercial del Plata will own a direct and indirect stake in Petrolera del Plata of 50%. In related transactions, Sociedad Comercial del Plata S.A. agreed to acquire 50% stake in Destilería Argentina de Petróleo S.A., 50% stake in Central Eléctrica Sarandí S.A. and 2.5% stake in DAPSA, GALPOSUR S.A. on June 14, 2018. The combined purchase price payable by Sociedad Comercial del Plata is $15.5 million on closing. Sociedad Comercial del Plata S.A. (BASE:COME) cancelled the acquisition of 2.1% stake in Compañía Petrolera, Refinadora, Comercializadora y Distribuidora del Plata S.A. (Petrolera del Plata) from Moltta Consultadoria e Marketing S.A. on June 14, 2019.