Trafigura closes the acquisition of Pampa Energía’s downstream assets in Argentina
Buenos Aires, May 10th 2018 - The Trafigura Group Pte Ltd, (“Trafigura”), one of the world’s leading independent commodities trading companies, has today completed the acquisition of the majority of the downstream assets of Pampa Energia SA. These assets include more than 250 service stations and the Ricardo Elicabe refinery (BBR) located in Bahia Blanca.
Trafigura’s current operations in Argentina include a fluvial fleet and the Campana Terminal which supplies the Argentinian, Paraguayan and Bolivian markets with diesel and gasoline via the Parana River. It is also rapidly developing a network of retail service stations across Argentina under the Puma Energy brand.
The transfer of the assets and rebranding of the 250 service stations will be progressive and rolled out over the coming months.
Notes to editors
For further information please contact:
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Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.6 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. The Company is owned by around 600 of its 3,935 employees who work in 62 offices in 35 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD136.4 billion in 2017. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: www.trafigura.com