Announced
Completed
Financials
Tags
Domestic
Majority
Acquisition
Private
Single Bidder
oil
distribution
storage facilities
Oil Equipment and Services
Singapore
Friendly
Completed
Synopsis
Trafigura, a Singaporean multinational commodity trading company, completed the acquisition of a 31.78% stake in Puma Energy, a mid-and downstream oil company, from Sonangol, a petroleum and natural gas production company, for $600m. “The sale of Sonangol’s entire shareholding (31.78%) in Puma Energy and the acquisition of Puma Energy’s assets in Angola represents the achievement of a strategic objective for the company," Gaspar Martins, Sonangol Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.