Caltex to sell bitumen business

Group enters conditional agreement for confidential sale to Trafigura Beheer.

Caltex Australia (CTX) has entered a conditional agreement to sell its Sydney-based bitumen business to Puma Energy, a subsidiary of Trafigura Beheer.

Investors responded well to the news. At 1055 AEDT, Caltex shares were 1.09% higher at $18.44, against a benchmark index lift of 0.99%.


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