Singapore's Puma Energy to sell Australia fuels business for $288 million

FILE PHOTO: Security guards stand near a tanker carrying aviation fuel during the opening ceremony of Puma Energy fuel storage facility at Myanmar International Terminal Thilawa outside Yangon, Myanmar May 6, 2017. REUTERS/Soe Zeya Tun

The sale by the company, which is 49%-owned by Geneva-based Trafigura, comes amid increasing pressure to rebalance its books after a decade-long buying spree. Puma entered the Australian market in 2013 with the purchase of Ausfuel, Neumann and Central Combined Group assets. Media reports at the time said it paid around $850 million for the Ausfuel and Neumann assets.

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Reuters /  🏆 2. in AU

Better have Hunter Biden on that. You need an expert.

Great, give us useless petrol. We give you our useful water.

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