Trafigura Buys Certain Pampa Energia Assets

Commodities trader Trafigura said it has agreed to buy an oil refinery, over 250 service stations, a lubricants plant and fuel storage terminal in Argentina from Pampa Energia SA.

The sale is expected to close in early 2018, Trafigura said in a statement. Trafigura already has a retail presence in the country as well as a fluvial fleet and the Campana terminal in Argentina that delivers refined products to Bolivia and Paraguay. The transaction is worth $90 million, Pampa Energia said in a statement. The service stations will be branded Puma Energy, which is Trafigura's downstream arm. The Ricardo Elicabe refinery has a 30,500 barrel per day capacity and is located in Buenos Aires Province.

Reporting by Julia Payne