Puma Energy, a unit of commodities trader Trafigura Beheer BV, is considering further acquisitions and development of petroleum import terminals in Australia after a deal to buy Neumann Petroleum and its petrol stations.
Switzerland-based Puma Energy, which is acquiring more than 120 service stations in Queensland and New South Wales states in its first Australian investment, has been studying the Australian market for about two years, Ray Taylor, Puma’s general manager for Australia, said today in a phone interview. Puma also plans to develop a new petroleum import terminal at the Port of Mackay in Queensland, the company said today in a statement announcing the Neumann purchase.
“When we enter into a market we tend to do things pretty quickly,” said Taylor, who previously worked at BP Plc. “So we would be talking 12 to 18 months in either announcing further greenfield activities or further acquisitions.”
Puma Energy, formed in 1997, has expanded to include a retail network of more than 1,300 petrol stations globally and has operations in Europe, the Middle East, Africa, Latin America and Asia, according to the company’s statement. Puma didn’t disclose the terms of the deal to buy the Australian company, which runs petrol stations in Queensland and New South Wales states under the Neumann and Matilda brands.