Singapore's Puma Energy to sell fuels business to Chevron Australia for $395.8m

📆 19/12/2019 12.23.00
📰 The Straits Times

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

BENGALURU (REUTERS) - Singapore's Puma Energy, the retail and midstream arm of global commodities trader Trafigura, said on Thursday (Dec 19) it would sell its Australian commercial and retail fuels business to Chevron Australia for A$425 million (S$395.8 million).. Read more at straitstimes.com.

BENGALURU - Singapore's Puma Energy, the retail and midstream arm of global commodities trader Trafigura, said on Thursday it would sell its Australian commercial and retail fuels business to Chevron Australia for A$425 million .

Puma Energy is 49 per cent-owned by Geneva-based Trafigura, which is under pressure to rebalance its books after a decade-long buying spree. Trafigura last week reported its lowest annual net profit in nearly a decade after a string of losses in its physical asset portfolio. Puma Energy was among Trafigura's loss-making businesses, with a net loss of US$500 million for the year to Sept. 30, and was in the process of being overhauled.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Uber in talks to sell its food delivery business in IndiaSAN FRANCISCO (NYTIMES) - Uber is in advanced discussions to sell its food delivery business in India, according to two people with knowledge of the plans, as the company moves to stem its losses.. Read more at straitstimes.com.
Sumber: The Straits Times - 🏆 8. / 63 Baca lebih lajut »