The Adani Group company announced the sale in May 2022 after a military coup in Myanmar
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The deal will pave the way for Chevron’s exit from the Asian country.
Following a military coup in Myanmar in 2021, Telenor announced the sale of its business.
Puma’s interest in Myanmar includes the a fuel import terminal at Thilawa and aviation fuel supplies.
The transaction is subject to customary closing conditions, including Myanmar regulatory approvals.
Norway’s Telenor withdrew from the country in March this year in a departure mired in difficulty.
The move would mark the exit of the country’s last foreign telecom operator
Kirin’s 51% stake in Myanmar Brewery will be sold back to the brewery for $164m
The report covered 380 venture investors in Southeast Asia.
In 2020, Ascent Capital Partners led a $26-million minority investment in Frontiir