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".

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