250:(this brewery and the industrial/financial conglomerate attached to it was the last large business controlled by his heirs, it was sold to a competitor in 1994). He also had land development businesses through Cia. Immobiliaria la Legua, developing what is today the largest industrial park in Callao, Lima. His farm holdings spanned some 20,000 hectares that the Peruvian government nationalized in 1972, in a countrywide land redistribution scheme. Faustino G. Piaggio died on February 9, 1924, leaving six children, Clelia Piaggio de Lercari, Attilio Piaggio Basso, Pia Piaggio de Sissa, Umberto Piaggio Basso, Ada Piaggio de Lanata, and Ezio Piaggio Basso.
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letter, Faustino
Piaggio owned the oil fields of Zorritos and Los Organos, an oil refinery, several ships, a major trading company working between Callao and Genoa, finance holdings, mines, land holdings, and had a fortune worth about 24 million dollars. He was a large shareholder and
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family had traded with Peru since the 18th century, though it is only in the mid 19th century that some family members decide to start new businesses in
America. In 1862, the Piaggio family loses an important part of its fleet in an act of war with the
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Piaggio formed one of the first large business groups in the South
American region, with interests spanning everything from finance, commerce, services, mining, and oil. In 1907, based on a
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outside the United States. His oil holdings were controlled through
Sociedad Anonima Comercial e Industrial Faustino G. Piaggio, that counted as its assets the
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oil wells and a refinery, train installations for transport and several oil transport ships. His oil business existed from 1879 to 1934, the year it was
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port during the 1896-1898 period, being responsible for mayor sanitation and water works, as well as bringing electricity to the South
American port.
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of the Banco de Peru y
Londres, the largest South American bank of its day, major shareholder at Banco Italiano. Owned a large
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by the
Peruvian government and was the foundation of what is today the national Peruvian oil company
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www.perupetro.com.pe, First Oil
Refinery in Latin America owned by The Peruvian Government today
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who also became a pioneer of the Latin
American oil industry with his businesses based in
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arrived in the area, and made it the oldest in Latin
America. He also built the first
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www.petroperu.com.pe, First Oil Refinery in Latin America Founded by Faustino Piaggio
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Bellani, R. (1949), Faustino G. Piaggio: Creador de la Industria Petrolera Peruana
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mine called Compania Salitrera La Aguada de Pisagua (mineral fertilizer
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