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Announced

Completed

Sonangol completed the acquisition of the Angolan assets of Puma Energy for $600m.

Financials

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Transaction Value£433m
Consideration TypeAsset Swap
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

oil storage and transportation

Domestic

Friendly

Acquisition

downstream

Private

Angola

Single Bidder

Integrated Oil and Gas

oil assets

Completed

Synopsis

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Sonangol, a petroleum and natural gas production company, completed the acquisition of the Angolan assets of Puma Energy, a mid-and downstream oil company, for $600m. “The completion of the rights issue and consolidation of Puma Energy into the Trafigura Group is good news for Puma Energy’s employees, customers and investors," Hadi Hallouche, Puma Energy CEO.

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