Peru's Primax Sells to Saudi Aramco, Shifts South America’s Fuel Game

Peru's Primax Sells to Saudi Aramco, Shifts South America’s Fuel Game

Saudi Aramco, the world’s top oil producer, acquires Primax, a Peruvian fuel distributor, for $3.5 billion, insiders reveal today. The deal hands Aramco control over 2,185 fuel stations across Peru, Ecuador, and Colombia. This move expands Aramco’s reach into South America’s growing energy market. The Romero family, a Peruvian business powerhouse, launches Primax in 2002, […]

Aramco buys Primax - LatinFinance

Acquisition of Peruvian fuel retailer will reportedly cost Saudi oil giant $3.5 bln The post Aramco buys Primax appeared first on LatinFinance.

Saudi Aramco to expand South American footprint with Primax acquisition

Saudi Aramco is set to expand its presence in South America with the acquisition of fuel distributor Primax, which operates in Peru, Colombia, and Ecuador.

Saudi Aramco buys Peruvian fuel distributor

Saudi Aramco  has agreed to buy fuel distributor Primax, which has operations in Peru, Colombia and Ecuador, Peruvian newspaper Gestion reported, citing sources familiar with the deal. Primax, owned by Peruvian conglomerate Grupo Romero, has 2,185 gas stations in the three South American countries. The deal with Aramco included a payment of around $3.5 billion, Gestion said. Aramco declined to comment, while Primax and Grupo Romero did not immed…

Primax, the Peruvian fuel marketing and distribution company of the Romero Group, has just been bought by the giant Saudi Aramco, the world's largest oil company.The Arab company will become owner of this business to which the Romero family entered in 2002, when it sold its first gallon of fuel and later, in 2004, bought Shell's fuel subsidiary in Peru along with the Chilean company ENAP.According to the Peruvian media Gestión, the operation wou…

Limagas, between the coexistence of LPG and natural gas, and solar hybridsSaudí Aramco, the largest oil company in the world is about to become an important player in the fuel market in Peru: they have just acquired from the Peruvian Primax of Grupo Romero, the largest network of tap stations nationwide and with presence in two other countries of the region.