Primax with new owner: what they paid for the Romero Group business

Romero Group: Selling hats to make a fortune of US$5.460 millionA million-dollar sale involving a Peruvian company that leads the country's tap station market just closed a few days ago.This is Primax, the fuel marketing and distribution company of the Romero Group, which has just passed into the hands of other owners who have been exploring possibilities to enter that business in Peru for a while.

After more than 20 years, the Romero Group closes important sale of its Primax station chain. The operation is the largest in recent years. A million-dollar sale involving a Peruvian company that leads the country’s tap station market just closed a few days ago. This is Primax, the fuel marketing and distribution company of the Romero Group. Now the fuel chain has just passed into the hands of other owners who have been exploring possibilities t…

Saudi Aramco bought from Primax, the Peruvian fuel distributor. Image: Courtesy Primax The oil giant Saudi Aramco acquired the Peruvian fuel distributor Primax with operations in Peru, Colombia and Ecuador, in another incursion of the Arab firm into the South American country. This was announced by the financial journal Management, citing sources linked to the operation. Primax, from the Peruvian group Romero, has 2,185 fuel sales stations in th…