Singapore's Puma Energy to sell fuels unit to Chevron Australia for $288m

Singapore's Puma Energy to sell fuels unit to Chevron Australia for $288m

Trafigura logo is pictured in the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/DENIS BALIBOUSE

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 ($288 million).