20 December 2012

Angola: Sonangol Acquires 20 Percent of Puma Energy Capital

Luanda — The Puma Energy world oil company operating in "Midstream" and "Downstream" sectors concluded the sale of 20 percent of its capital to Sonangol Holding, ANGOP learnt in Luanda from a press release from the Angolan state-owned oil company.

According to the document, Puma Energy, whuich was created in 1997, grew rapidly and became one of the biggest independent operators in the world.

The company operates in 34 countries and has over five thousand collaborators.

Pierri Eladari, the executive director of Puma Energy, said after many years of successful collaboration with Sonangol in "Downstream" industry and in Angola, the company is pleased to reinforce its partnership with Sonangol as one of its main shareholders.

Meanwhile, Francisco de Lemos José Maria, CEO of Sonangol said "This strategic participation brings together the strengths and expertise of both companies. We look forward to more opportunities of collaboration between the two companies, in Angola, Africa and elsewhere in the world".

Copyright © 2012 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.