Trafigura to acquire Puma Energy assets

Puma Energy Holdings Pte. Ltd, Trafigura PTE Ltd, and Sonangol EP have signed a series of agreed transactions.

First, Trafigura has agreed to purchase from Sonangol its entire shareholding in Puma Energy for the sum of US$600 million. Second, Puma Energy has agreed the sale of its Angolan business and assets to Sonangol for the sum of US$600 million.

This includes the acquisition of the Pumangol retail network of service stations, airport terminals, and marine terminals, including the state of the art Terminal de Combustíveis da Pumangol em Luanda (TCPL) terminal in Luanda Bay.

Completion of these transactions is subject to regulatory approvals.