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Announced

Completed

Chevron completed the acquisition of Puma Energy (Australia) Holdings for $291m.

Financials

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Transaction Value£222m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

petroleum stations

Acquisition

Private

fuel distribution depots

Single Bidder

Australia

Oil Equipment and Services

fuel business

Friendly

Completed

Cross Border

Synopsis

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Chevron completed the acquisition of Puma Energy (Australia) Holdings, a domestic commercial and retail fuel business of Puma Energy for $291m. “The acquisition will provide Chevron with a stable market for production volumes from our refining joint ventures in Asia and create a foundation for sustainable earnings growth. It will build on Chevron’s strong history of partnership in Australia and our global experience in fuels and convenience marketing and supply,” Mark Nelson, Chevron Executive vice president for Downstream & Chemicals.

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