Namibia: Puma Energy to Acquire Caltex

Puma Energy has agreed to buy the fuel marketing business in Namibia of Caltex.  The business will remain under Chevron's ownership until all approvals have been obtained," a news  release said.

Completion of the transaction is subject to regulatory  approvals in Namibia.  The newly acquired businesses will add 26 fuel service stations, additional bulk fuel storage facilities, and a portfolio of industrial customers to Puma's existing business in the country.  It is the second acquisition for Puma Energy in September. Earlier in the month the firm, a unit of the world's top trading house Trafigura Beheer BV, bought a bitumen terminal in Spain.  

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