Archer Capital's Ausfuel plans consolidation merger
Ausfuel Group, a fuel and lubricants distributor in Australia, 75% owned by local buyout firm Archer Capital since May this year, is in talks with Gull Petroleum, a Perth-based petroleum retailer, to consolidate the two companies in a deal valued at some A$500 million ($455 million).
Before Archer, Ausfuel was owned by local PE firm AMP Capital Investors. The tentative merger emerged in the context of ongoing consolidation in the Australasian fuel refining and sales industry. Combining...
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