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.