Singapore, 14 March 2022 – Puma Energy has agreed to sell a significant part of Puma Energy’s infrastructure and storage business to ITG Sàrl, the parent company of Impala Terminals1. Puma Energy will remain an important customer of the infrastructure and storage business. The transaction remains conditional upon a number of material commercial and regulatory approvals. As a result of the transaction, if successfully consummated, it is expected that Puma Energy’s net debt (net of cash and cash equivalents and inventories) will become negative2. Further details, including the final perimeter of the transaction, will be provided at completion, which is anticipated, subject to various conditions precedent, in the coming months.
This transaction further supports Puma Energy’s strategic priority to simplify and reinvigorate its core business, while focusing on high potential downstream markets.
1Puma Energy infrastructure assets will become a standalone subsidiary of ITG Sàrl, the parent company of Impala Terminals.
2Deduction of inventories from gross debt is done in accordance with Puma Energy’s financial covenants.
This announcement contains inside information as defined in the Market Abuse Regulation (EU) 596/2014 (“Market Abuse Regulation”) and is disclosed in accordance with the Issuer’s obligations under the Market Abuse Regulation. The person responsible for releasing this announcement is
Leon Killian, Company Secretary.
For further information, please contact:
Impala Terminals Global Press Office: Tel: +41(0)22 592 45 28 or email@example.com
Puma Energy Media, Matthew Willey: +44 (0) 7765 000 529 or firstname.lastname@example.org
For investor queries, please contact: email@example.com
About Impala Terminals
Impala Terminals Group owns, manages and operates a diversified network of base metals terminal infrastructure in Mexico, Peru and Spain; refined oil products storage and distribution and fluvial operations in Paraguay; multimodal transportation services in sub-Saharan Africa; and a global freight-forwarding business.
For further information visit: www.impalaterminals.com
About Puma Energy
Puma Energy is a leading global energy business, safely providing energy across six continents. Our downstream business segments include fuels, aviation, lubricants and bitumen. We have 1,998 retail sites and we are present at 107 airports. Our infrastructure business includes a network of storage terminals with a capacity of 6.7 million m3. Our purpose is energising communities to help drive growth and prosperity by sustainably serving our customers’ needs in high potential countries around the world.
For further information visit: www.pumaenergy.com