Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Trafigura Unit Puma Energy Considers Further Deals in Australia

Jan. 23 (Bloomberg) -- 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.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.