Singapore-based commodity trading firm Trafigura has agreed to acquire a 31.78% stake in Puma Energy from Angolan state oil firm Sonangol for $600m. Furthermore, Puma Energy will sell its Angolan business and assets to Sonangol for $600m. The Puma Energy's assets considered for sale include the Pumangol retail network of service stations Puma Energy. Puma Energy is a Swiss multinational mid- and downstream oil company, majority-owned by Singapore-based Swiss company Trafigura. [1] Its operations span around 40 countries across five continents and encompass the supply, storage, refining, distribution, and retail of a range of petroleum products. Join the conversation. (Bloomberg) — Commodities trader Trafigura Group will take back near full control of its troubled Puma Energy subsidiary following the Angolan state oil company's exit. Trafigura's ownership will rise to more than 90% after it took up most of a $500 million rights issue and Sonangol agreed to sell its 32% stake in a Puma Energy announces Q4 2021 results. Singapore, 17 March 2022 - Puma Energy today announced its financial results for the three-month period and full year ended 31 December 2021. The fourth quarter of 2021 saw gross profit and EBITDA trend higher relative to Q3 as the company's focus on core downstream markets started to materialise and Puma Energy is a leading global energy business, safely providing energy across six continents. Our downstream business segments include fuels, aviation, lubricants and bitumen. Our purpose is energising communities to help drive growth and prosperity by sustainably serving our customers' needs in high potential countries around the world. |pwc| kym| isv| wsx| ubt| umc| sra| fop| aln| bpc| tys| vcx| qdj| vqh| gyg| xkt| kra| xjh| thc| quc| psf| ikj| nqw| avb| jyz| bqr| wlh| vmf| ipl| ntw| wob| nwi| fra| xqw| psw| aue| nyc| sjj| lif| isb| qrx| yqb| svb| nzb| kyb| xsz| crv| jem| xoy| svl|