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New Deal


Announced

Completed

Trafigura completed the acquisition of a 31.78% stake in Puma Energy from Sonangol for $600m.

Financials

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Transaction Value£433m
Consideration TypeAsset Swap, Cash
Capital Owned-
Capital Bid For32%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Acquisition

Private

Single Bidder

oil

distribution

storage facilities

Oil Equipment and Services

Singapore

Friendly

Completed

Synopsis

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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.

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