Trafigura subsidiary buys Ausfuel from Archer Capital
Archer Capital has exited Ausfuel to Puma Energy, a subsidiary of Trafigura, for a reported cash sum of $650 million. The Australian GP acquired a majority stake in the company from CHAMP Ventures in 2010, paying around A$120 million ($125 million).
Puma is taking full ownership of Ausfuel, buying out minority shareholders in addition to Archer. Through the addition of Ausfuel - which owns the Gull, Choice and Peak service stations - to its existing...
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