Puma energy and trafigura.
Puma energy and trafigura This follows Puma Energy’s recent rights issue process, launched on 8th March 2021 to recapitalize the company, and the signature of a share purchase agreement for the sale of Sonangol’s stake in Puma Energy to Trafigura, which was announced today. en el mundo. Puma Energy, based in Singapore, is a leading global downstream energy provider, operating in more than 35 countries, primarily in Central America and Sub-Saharan Africa. Apr 16, 2021 · Puma Energy Holdings Pte. Visit: Aug 25, 2022 · About Puma Energy Puma Energy is a leading global energy business, safely providing energy across six continents. He is responsible for leading Puma Energy’s Retail, Lubricants, Supply, Wholesale and B2B Commercial businesses in more than 15 countries across Africa. The company saw an improvement in EBITDA on a constant perimeter basis, mainly driven by increased gross profit in the retail business as a result of continued post COVID-19 recovery and the company’s investment in its downstream retail network. Mar 5, 2025 · Mark Russell will lead Puma Energy as it enters a new chapter of prudent growth. 43 billion in 2013 after cutting its stake in Puma to 49% from 62%. Jun 27, 2017 · Since 2014, Puma Energy has been Papua New Guinea's major refiner and retailer of petroleum products. The results show a third successive quarter of net positive income with EBITDA up by 6 per cent on the previous quarter and a net profit of USD 223 million. The company has close to 2,000 retail sites and is present at over 100 airports. - one of the world's largest independent commodity traders. How much did Puma Energy raise? Puma Energy raised a total of $1. Mar 14, 2022 · Singapore, 14 March 2022 – Puma Energy has agreed to sell a significant part of Puma Energy’s infrastructure and storage business to ITG Sàrl, the parent company of Impala Terminals 1. Singapore, 27 March 2025 - Puma Energy today announced its financial results for the three-month period and full year ended 31 December 2024. Its downstream business segments include fuels, aviation, lubricants and bitumen. Sep 19, 2023 · The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and our Impala Terminals joint venture. May 11, 2011 · Puma Energy Caribe LLC, a subsidiary of Puma Energy International, is pleased to announce that it has finalized the purchase of all assets once owned by the Caribbean Petroleum Company (Capeco). Across Puma Energy, our governance principles guide our good action. Headquartered in Switzerland and a subsidiary of Trafigura Beheer BV, Puma Energy now operates in 23 countries worldwide. . The company, however, took a $191 million impairment in its 2020 fiscal year as it reduced the value of its stake in the unit. Each time the company has retained local staff and grown the business. 5 Continentes + 49 países +3100 Estaciones de servicio. Puma Energy’s principal activities are the ownership and operation of storage facilities for petroleum products and the sale and distribution of the same. [1]Its operations span around 40 countries across five continents and encompass the supply, storage, refining, distribution, and retail of a range of petroleum products. Aug 1, 2012 · In addition, in March 2012 Puma Energy acquired Exxon Mobil's fuels marketing and supply businesses in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama, thus, demonstrating Puma Energy’s continued commitment to the region. Mar 5, 2025 · The new appointment follows Puma Energy’s successful turnaround, where the Executive Management led a comprehensive restructuring that returned the company to profitability. Visit: Jul 19, 2012 · Singapore, 18 July 2012 - Puma Energy LLC (“Puma Energy”), the mid and downstream energy company today announced it is set to complete the acquisition of Chevron Kuo Pte Ltd, a Singapore entity which owns 70% of Chevron Bitumen Vietnam Limited “CBVL”. He brings extensive leadership, commercial and risk management experience from his roles with the Trafigura Group over the last two decades — most recently as Trafigura’s Head of Energy for Middle East and North Africa. Puma Energy has also agreed to buy BP’s 50% interest in each of BP Malawi and BP Tanzania, subject to the pre-emption rights of BP’s co-shareholders (Press Corporation Limited in Malawi and the Government of Tanzania in Tanzania). Clientes. 5 Fairness. For investor queries, please contact: investors@pumaenergy. Who are the investors of Puma Energy? Investors of Puma Energy include Trafigura and Sonangol. Dec 16, 2021 · 16 December 2021–Puma Energy Holdings Pte. Our downstream business segments include fuels, aviation, lubricants, LPG and bitumen. This relationship does not currently constrain Puma Energy's upgrade to 'BB'. Puma Energy's headquarters is located at 5, rue de Jargonnant, Geneva. Low Carbon and Renewable Energy. Today, the pool currently consists of 14 high quality tankers, ranging from 15,000 to 37,000 dwt, all of which are suitable for transporting Apr 16, 2021 · The Board of Puma Energy today announces that Emma FitzGerald will step down as CEO, effective immediately. May 19, 2022 · Singapore, 19 May 2022 – Puma Energy today announced its quarterly financial results for the three-month period ended 31 March 2022. com About Puma Energy Puma Energy is a leading global energy business, safely providing energy across six continents. The appointment of Mr. Collectively these projects represent a total operational capacity of 11. Jan 14, 2025 · Puma Energy’s leadership training includes specialised safety education for its Board and senior executives, with the Board receiving training on duty of care and safety compliance in FY2024. 75B. The Puma Technical Assessment Programme is a new approach that will look to evaluate participants’ potential to transition into senior leadership roles within Aviation, Transport & Operations, Construction & Engineering. Apr 10, 2024 · We view Puma Energy's parent, Trafigura, as a supportive shareholder, but consider it a weaker parent based on our Parent Subsidiary Linkage (PSL) criteria. Argentina@trafigura. Puma Energy, is pleased to announce that it has successfully closed its US$695 million Revolving and Term Loan Facilities. Ltd, Trafigura PTE Ltd and Sonangol EP announce the signing of a series of agreed transactions. 2 Accountability . The company delivered a stable performance supported by its core segments and regions, which counterbalanced lower bitumen demand and reduced refining margins. com For investor queries, please contact: investors@pumaenergy. com +54 011 155 56 78 07. Puma Energy is a leading global downstream energy business, safely providing energy in more than 35 countries, primarily across central America and Sub-Saharan-Africa. Mar 29, 2011 · Puma Energy was formed in 1997, and has grown rapidly to become one of the world's largest independent downstream companies. Sep 30, 2021 · Trafigura and Puma Energy today announce the completion of the USD 500 million rights issue to recapitalise Puma Energy following receipt of regulatory approvals. Puma Energy’s focus areas for the future will include “reinvigorate” its core business by investing in its Jan 14, 2025 · The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. CONTÁCTENOS Mar 27, 2025 · Trafigura-owned refined products business Puma Energy reported a 5% rise in net profit in 2024 financial results released on Thursday, the third straight year the once struggling business has several Trafigura Group companies • Carlos, a Spanish national, holds a BA in Business Administration from ICADE Madrid, Spain • David joined Puma Energy in January 2017 and led both Puma’s 2017 US$ 600m Bond issuance and concurrent Liability Management exercise as well as January 2018 US$ 750m Bond issuance and Jan 23, 2024 · The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and our Impala Terminals joint venture. Puma Energy will remain an important customer of the infrastructure and storage business. Oct 1, 2021 · While Puma Energy will become part of the Trafigura Group, it will continue to operate as a separate entity. The Group employs over 12,000 people and is active in 156 countries. On July 18 this year, Puma Energy announced its intention to acquire Chevron Kuo Pte Ltd, which owns 70% of Chevron Bitumen Vietnam Ltd. In April 2024 Fitch upgraded Puma Energy’s Long-Term Issuer Default Rating (IDR) to ‘BB’ with stable outlook, from a previous rating of from ‘BB-’ with positive outlook. In line with Puma Energy’s strategy to focus on its core downstream markets, the company exited its UK business on 1 July 2024. This was achieved after Trafigura took a controlling stake and integrated Puma Energy into the Group in 2021. : +44 (0) 7765 000 529 Email: media@pumaenergy. What is Puma Energy's latest funding round? Puma Energy's latest funding round is Shareholder Liquidity. About Puma Energy. Jim Collings, Country General Manager, explains some of the challenges of supplying a country which is still heavily reliant on diesel fuel. The programme aims to identify and cultivate Puma Energy’s next generation leaders. Mar 7, 2025 · I look forward to building on Puma Energy’s strong foundations and to deliver continued value for Puma Energy’s shareholders,” Russell said. À la suite de la conversion du prêt convertible en actions de Puma Energy, la participation de Trafigura dans Puma • David joined Puma Energy in January 2017 and led both Puma’s 2017 US$ 600m Bond issuance and concurrent Liability Management exercise as well as January 2018 US$ 750m Bond issuance and other all subsequent funding transactions • Prior to joining Puma Energy David had 15 years of experience in various Natural Mar 21, 2025 · Along with the recent appointment of Mark Russell as Puma Energy CEO, these changes follow Puma Energy’s successful turnaround, where the Board and Executive Management led a restructuring that returned the company to profitability. Puma Energy supplies motorists with all their fuel, lubricants, refreshments and convenience shopping needs across our network of nearly 2000 retail sites. Ltd, Trafigura PTE Ltd and Sonangol EP today announce the signing of a series of agreed In September 2021 Puma Energy fully consolidated into Trafigura Group and embarked on a strategy to focus on its core downstream markets while, at the same time, preparing for the future of energy by increasing its low carbon and transition fuels offer. Sep 30, 2021 · Singapour, le 30 septembre 2021 – Trafigura Group Pte Ltd (« Trafigura ») et Puma Energy annoncent aujourd’hui la finalisation de l’augmentation de capital de 500 millions de dollars US pour recapitaliser Puma Energy après obtention des approbations réglementaires. Having received the required regulatory approvals, Puma Energy will begin the process of integrating the newly-acquired businesses with its existing operations from Apr 29, 2021 · According to the Independent Consumer and Competition Commission, Trafigura Group has filed an application for approval for a potential purchase of an additional interest in Puma Energy Group (ICCC). This article was originally published by Reuters on the 31 October 2022. 3 Transparency . The purchase is expected to secure over 300 direct and indirect jobs in Puerto Rico and signifies the launch of a significant program of environmental Oct 31, 2022 · Trafigura's Puma Energy said on Monday it had completed the sale of infrastructure assets to ITG Sarl, the parent of a Trafigura joint venture called Impala Terminals, as part of a plan to refocus the unit and reduce its net debt. Mar 2, 2020 · Singapore, 2 March 2020 - Puma Energy Holdings Pte Ltd (“Puma Energy” or the “Company”) today announces it has agreed, subject to receipt of regulatory approvals, to a shareholding restructuring transaction with Trafigura Pte Ltd (“Trafigura”) and Cochan Holdings (“Cochan”); the result of which will be that Cochan is no longer a significant shareholder, with Cochan’s Further information can be located at: Puma Energy: Investors: Overview. Focused on core downstream retail Puma Energy is a global energy company supplying emerging markets. Nov 23, 2022 · Singapore, 23 November 2022 – Puma Energy today announced its quarterly financial results for the three-month period ended 30 September 2022. V. Mar 5, 2025 · Global commodity trading house Trafigura said on Wednesday that Hadi Hallouche will step down as chief executive of its downstream energy business Puma Energy, to be replaced by Mark Russell. It also recorded a $326 million net loss from Puma for that year, Trafigura said in its annual report. Jan 23, 2013 · Puma Energy LLC is a subsidiary of Trafigura Beheer B. Apr 16, 2021 · Sonangol agreed the sale of its shares in Puma Energy to Trafigura; Sonangol to acquire Puma Energy’s strategic assets in Angola, in exchange for the US$600m sale of its Puma Energy shareholding to Trafigura; 16th April 2021 – Puma Energy Holdings Pte. Puma Energy Media Matthew Willey Tel. 4 Independence. Sep 30, 2021 · Trafigura Group Pte Ltd (“Trafigura”) and Puma Energy today announce the completion of the USD 500 million rights issue to recapitalise Puma Energy following receipt of regulatory approvals. Capital Structure Puma Energy has been assigned a long-term issuer credit rating of ‘BB’ with “Stable” outlook from S&P Global Ratings (“S&P”). Its infrastructure business includes a network of over 80 storage terminals. Oct 1, 2021 · Completion of Trafigura’s acquisition of Sonangol’s shares in Puma Energy, expected in the coming weeks, will see Trafigura’s shareholding in Puma Energy increase to around 93%. 6% ownership. Before this, he was Head of Oil Singapore with responsibility for managing the company’s oil and gas trading activity Dec 31, 2021 · Trafigura’s shareholding rose to 96. Ltd (“Puma Energy”), Trafigura Pte Ltd. Pedro Pierluisi, took part in a symbolic ceremony this morning to announce, with executives from Puma Energy and its joint venture partner Pan-African Soleil Holdings Pte ("PASH Global"), the activation of a Puma Energy Media Matthew Willey Tel. S&P Global In November 2024 Puma Energy received ‘BB’ Long-term Issuer Credit Rating from S&P Global Ratings with stable outlook Apr 16, 2021 · Trafigura booked a one-time gain of $1. The company took important steps towards building its low carbon and renewable energy portfolio in 2023. Who Mar 5, 2025 · "Mark's focus on performance and delivery as well as his deep understanding of the downstream sector will be crucial as Puma Energy continues to actively manage market risks and capture new growth opportunities," said Puma Energy Chair Rene Medori. We therefore analyse Puma Energy on standalone basis despite Trafigura's 96. Nov 15, 2010 · 15 November 2010 - Puma Energy has signed a deal to acquire BP’s fuel marketing businesses in Botswana, Namibia, and Zambia. (“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. Puma’s purpose is energising communities to help drive growth and prosperity May 3, 2022 · Standalone Rating Approach Retained: We view Trafigura's 96. 6% as a result of its acquisition of Sonangol’s shares in Puma Energy and the fact that Cochan Holdings LLC ceased to be a shareholder in Puma Energy Holdings Pte Ltd on 28 December 2021. This article was originally published by PetrolPlaza on the 01 October 2021. On a public note, Trafigura's commissioner and chief executive officer Paulus Ain stated that Trafigura was already the largest shareholder in Puma and that after the takeover, Trafigura will have PUMA ENERGY. Puma Energy achieved its target of 300 solar projects across its sites and Puma Branded retail stations by the end of 2023. Sonangol (the national oil company of Angola) is a 20% shareholder in Puma Energy. Mar 1, 2012 · 1 March 2012 - Puma Energy has completed its acquisition of ExxonMobil's fuels marketing and supply businesses in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Apr 1, 2025 · Changes in Trafigura's policy or behaviour, along with more integrated funding or a shift to less restrictive documentation, leading to material cash leakage from Puma Energy, may lead us to reassess its links with Trafigura under our PSL Rating Criteria. Feb 4, 2014 · Puma Energy LLC is a subsidiary of Dutch-based Trafigura Beheer B. Oct 11, 2012 · Puma Energy has grown rapidly over the previous years through organic growth and by buying downstream assets from ExxonMobil, BP and Chevron. Puma Energy is passionate about serving our communities and providing our customers with the products and services they want. It will retain its brand, management team and Board led by an independent non-Executive Chairman, says Puma Energy. Ltd, Trafigura PTE Ltd and Sonangol EP today announce the signing of a series of agreed transactions. The company has 1,948 retail sites and it is present at 107 airports. Puma Energy’s operations span around 37 countries and encompass the supply, storage, refining, distribution and retail of a range of petroleum products. Jun 11, 2024 · Puma Energy is a Swiss multinational mid- and downstream oil company, majority-owned by Singapore-based Swiss company Trafigura. – one of the world’s largest independent commodity traders. Mark Russell will lead Puma Energy as it enters a new Puma Energy is a Swiss multinational mid- and downstream oil company, majority-owned by Singapore-incorporated Swiss company Trafigura. Mar 21, 2025 · Singapore, 21 March 2025: Puma Energy today announced that Jiri Zrust, Head of Trafigura’s Operating Assets division, has been appointed Chairman of the Board of Puma Energy, taking over from René Médori from 1 April 2025. Downstream business segments include fuels, aviation, lubricants and bitumen. First, Trafigura has agreed to purchase from Sonangol its entire shareholding in Puma Energy for the sum of US$600m. Puma Energy since October 2020 and was appointed CEO on 30th September 2021 • In October 2019, Hadi was appointed Co-Head of Trafigura’s Oil Trading Division and is a member of Trafigura’s management committee. Launched at an initial launch size of US$600 million, the Facilities were oversubscribed and subsequently increased to US$695 million. 8 MWp. Ltd to provide access to the largest pool of modern IMO II high heat tankers in the world. Additionally, key leaders completed an Executive Safety Leadership Programme, designed to promote collaboration, accountability, and continuous Puma Energy is a Swiss multinational mid- and downstream oil company, majority-owned by Singapore-incorporated Swiss company Trafigura. Zrust as Chairman of the Board will further strengthen synergies across Trafigura’s portfolio of assets, May 17, 2021 · Will generate an estimated 30,000MWh of renewable electricity per year; Provide more than 27,700MT in greenhouse gas savings; Puerto Rico, 17 May 2021 - The Governor of Puerto Rico, Hon. Our downstream business segments include fuels, aviation, lubricants and bitumen. 1 Effectiveness. Trafigura took over a controlling stake and integrated Puma Energy in 2021. Sep 30, 2024 · Puma Energy is a Swiss multinational mid- and downstream oil company majority-owned by Trafigura, a multinational commodity trading company. Jul 22, 2024 · HHT was established in 2018 between Gearbulk and Trafigura Group company Puma Energy Supply and Trading Pte. com. Fadi joined the Trafigura Group - which is the majority shareholder of Puma Energy - in 2017 as Head of Business Development for LNG and Gas. Commitments were received from a globally diverse group of 19 banks with a broad geographical split. Dec 16, 2021 · Ltd (“Puma Energy”), Trafigura Pte Ltd. Its also part of a global energy operation that spans 47 countries. 6% shareholding in Puma Energy as more aligned with an investment that it is looking to dispose of over the four-year rating horizon than a fully integrated business. wyxxgy iljcdlv omunfr sdfi yaikyn pykfu otwaa xfuf qjukd izf xqzb keder gwgn obrfyv kbutxe