International team advises ANCAP in search for strategic investor

Administración Nacional de Combustibles, Alcohol y Portland (ANCAP) has retained the Uruguayan firm Guyer & Regules and the Argentine firm Marval, O'Farrell & Mairal, together with NewYork-based investment bank Salomon Smith Barney and Arthur D Little, to assist the company in its search for a strategic investor in the refining and distribution of oil. ANCAP is a wholly-owned oil company and reportedly the largest company in Uruguay.