Allens has advised Puma Energy on the sale of its Australian retail fuel business to Chevron for $425 million.
The divestment follows a strategic review of Puma Energy’s Australian operations and includes its retail fuel outlets, shops and cafes Australia-wide.
‘We were delighted to assist Puma with its sale process,’ said co-lead partner, Chelsey Drake.
‘The transaction involved divesting a considerable retail real estate portfolio as part of the fuel business with more than 360 retail fuel outlets and more than 220 shops and cafes around Australia,’ said co-lead partner, Kylie Brown.
The Allens team included the Corporate Practice, the Projects & Development (Real Estate) team, the Projects & Development (Environment & Planning) team, the Technology, Media & Telecommunications team and the Disputes & Investigations (Employment & Safety) team.