Trafigura Takes Control of Troubled Puma Energy as CEO Exits
Bloomberg 3 hrs ago Andy Hoffman © Bloomberg Construction workers ride in the back of a pickup truck past a Puma Energy Holdings Pte. Ltd. gas station Lilongwe, Malawi, on Tuesday, June 26 2018. The diversification of the agriculture-reliant economy is a top priority, Malawian President Peter Mutharika said in an interview on Monday.
(Bloomberg) Commodities trader Trafigura Group will take back near full control of its troubled Puma Energy subsidiary following the Angolan state oil company’s exit.
Popular Searches
Trafigura’s ownership will rise to more than 90% after it took up most of a $500 million rights issue and Sonangol agreed to sell its 32% stake in a deal valued at $600 million. The Angolan company will swap its equity stake for Puma’s operations in the African nation with no cash changing hands, a Trafigura spokesperson said.
Trafigura to buy Sonangol s Puma Energy stake for $600 million
oilandgas360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgas360.com Daily Mail and Mail on Sunday newspapers.
Trafigura to buy Sonangol s Puma Energy stake for $600 million
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Notice to the annual general meeting of UPM-Kymmene Corporation
padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Proposals of the Board of Directors and the Nomination and Governance Committee to UPM-Kymmene Corporation s Annual General Meeting – Padovanews
padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.