Trafigura's Puma Energy agrees to sell Myanmar business

Trafigura's Puma Energy agrees to sell Myanmar business

Fuel prices are seen at a Puma gas station on the Hugo Chavez roundabout in Managua, Nicaragua February 5, 2016. REUTERS/Oswaldo Rivas

The midstream and retail arm of Trafigura, Puma Energy, has agreed to sell its Myanmar business to a local private company, Puma said in a statement on Wednesday.

Puma Energy has signed an agreement to sell its stake in Puma Energy Asia Sun (PEAS) and a minority share in National Energy Puma Aviation Services (NEPAS) to a locally owned private company,” the statement said.

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