Completion of sale of Puma Energy's assets in Angola to Sonangol and Trafigura's acquisition of Sonangol's shareholding in Puma Energy
16 December 2021 – Puma Energy Holdings Pte. Ltd (“Puma Energy”), Trafigura Pte Ltd. (“Trafigura”) and Sonangol EP (“Sonangol”) announce the completion of Trafigura’s acquisition of Sonangol’s shareholding in Puma Energy for USD600 million and the sale of Puma Energy’s business in Angola to Sonangol following receipt of all relevant regulatory approvals.
As a result of these transactions, Trafigura’s shareholding in Puma Energy has increased to 93.3%. Sonangol no longer holds shares in Puma Energy nor has representation on the Company’s Board.
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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.
Puma Energy’s Pumangol business in Angola comprised a retail network of 79 service stations, a commercial businesses serving B2B customers, with fuels, lubricants and other services, services at four airport terminals and five marine terminals, including the state of the art Terminal de Combustíveis da Pumangol em Luanda (TCPL) terminal in Luanda Bay.
For further information visit: www.pumaenergy.com
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.
Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.