Trafigura Confirms Sale of 20% Stake in Puma Energy
Thursday, 20 December 2012
Puma Energy owner Trafigura has announced that it has sold a 20% stake in the company to Angola's national fuel company, Sonangol. The deal, completed for an undisclosed sum, comes one day after the three firms announced that they had broken ground on the new Lobito refinery in Angola.
Commodity trading and logistics firm Trafigura first declared its attention to sell a stake in Puma – a midstream and downstream operator with a presence in over 30 countries – back in September 2011. A company statement described the sale as “an important first step in Puma Energy’s strategy to open up its capital to strategic and public investors alike.”
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