Trafigura buys Chevron's marketing business in Namibia
LONDON, Sept 13 |
LONDON, Sept 13 (Reuters) - Trafigura's mid- and down-stream unit Puma Energy has agreed to buy the fuel marketing business in Namibia of U.S. oil major Chevron , Puma Energy said on Tuesday.
"Completion of the transaction is subject to regulatory approvals in Namibia. The business will remain under Chevron's ownership until all approvals have been obtained," a news release said.
"The newly acquired businesses will add 26 fuel service stations, additional bulk fuel storage facilities, and a portfolio of industrial customers to Puma's existing business in the country."
It is the second acquisition for Puma Energy in September. Earlier in the month the firm, a unit of the world's top trading house Trafigura Beheer BV, bought a bitumen terminal in Spain. (Reporting by Ikuko Kurahone; editing by Keiron Henderson)
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