Saudi Aramco buys fuel distributor Primax, Peruvian media reports (updated)

Primax Electronics

21/03/2025 14:35

Adds details about Primax, deal in paragraph 2; Aramco declining to comment in 3; Aramco's Peruvian footprint in 4

LIMA, March 21 (Reuters) - Saudi Aramco 2222.SE has agreed to buy fuel distributor Primax, which has operations in Peru, Colombia and Ecuador, Peruvian newspaper Gestion reported late on Thursday, 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 immediately respond to requests for comment.

The Saudi oil giant already has businesses in Peru, where it last year purchased a minority stake in Peru LNG from Hunt Oil Company.

 (Reporting by Marco Aquino. Additional reporting by Yousef Saba. Editing by Christian Plumb and Mark Potter)

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