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SANTIAGO -(Dow Jones)- Chile's Luksic household, by means of its Quinenco SA (QUINENCO.SN) keeping firm, has agreed to shell out $ 320 million for Colombian fuel organization Terpel's Chilean property, which fuel-and-forestry conglomerate Empresas Copec SA (COPEC.SN) indirectly owns. The transaction demands to get approval from Chile's TDLC antitrust court, as Quinenco lately bought Royal Dutch Shell PLC's (RDSA, RDSA.LN, RDSB, RDSB.LN) nearby business. The TDLC instructed Copec it had till mid-2012 to be in compliance with opposition laws and sell Terpel's property in Chile. Previous year, Copec bought an indirect managing stake in Terpel for $ 285.5 million, increasing into Colombia, Ecuador and Panama. Copec needs to market Terpel's Chilean property simply because of its already-higher participation in Chile's fuel industry. Terpel has 200 gasoline stations and 97 usefulness merchants in Chile. The Luksics are reportedly Chile's richest loved ones and control London-outlined mining organization Antofagasta PLC (ANTO.LN, ANFGY), brewer Compania Cervecerias Unidas SA (CCU, CCU.SN) and the country's 2nd-biggest lender, Banco de Chile (BCH, CHILE.SN), between other assets. Copyright &duplicate 2011 Dow Jones Newswires