Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Caltex Australia Ltd Enters Into Conditional Agreement To Sell Sydney Bitumen Business To Trafigura Beheer BV's Puma Energy

Monday, 14 Oct 2013 06:43pm EDT 

Caltex Australia Ltd announced that it has entered into a conditional agreement to sell its Sydney-based import bitumen business to Puma Energy, a subsidiary of Trafigura Beheer BV, the terms of which are confidential. Bitumen is a by-product of the refining process and in 2010, after the announcement to close its base oil refinery at Kurnel, Caltex implemented a new bitumen import supply chain to enable supply to be maintained to the New South Wales road construction industry. This business included an agreement with Terminals Pty Ltd to build a nd operate the purpose built Port Botany Bitumen Terminal for Caltex, and a partnership with SAMI Bitumen Technologies in a n oxidation and in-line blending facility. The sale, which remains subject to a range of conditions being met (including Foreign Investment Review Board approval), is planned for completion by the end of 2013. 

Company Quote

-0.71 -2.01%
1:03am EDT