Trading firm Trafigura has offloaded a 20 percent holding in its oil storage and supply unit Puma Energy, Reuters reports. The stake was acquired by Angolan state energy company Sonangol.
Switzerland’s Trafigura may consider an initial public offering of Puma within the next 18 months, reducing its role to a minority stake. Puma may seek new strategic investors in addition to Sonangol.
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