Trafigura wants total control of Puma Energy
The Competition and Consumer Authority has received a merger notification for the proposed acquisition of control over Puma Energy Holdings by Trafigura ( Pty) Ltd, a wholly owned subsidiary of Trafigura Group.
According to a statement, Trafigura is an existing shareholder of Puma Energy and holds a 55.5percent non- controlling stake in the target enterprise. Trafigura is a firm incorporated in accordance with the Laws of Singapore and is a leading independent commodity trader, specializing in the supply and transport of oil and petroleum, mineral and metal commodities globally. Trafigura does not control any undertakings in Botswana or which have activities in Botswana.
The Directors of Trafigura are: Mark Irwin; Andrew Vickerman; Mike Wainwright ( all British nationals); Pierre Lorinet ( French); Jeremy Weir ( Australian & British); Jose Maria Larocca ( Argentinian & Italian); and Sipko Schat ( Dutch national). The primary target enterprise Puma Energy, is a firm incorporated in accordance with the Laws of Singapore. Puma Energy is a global integrated energy company. Puma Energy is the Group holding company and ultimate parent company of Puma Energy Botswana ( Pty) Ltd (“Puma Energy Botswana”). Puma Energy Botswana is active in the distribution of refined fuel products, including automotive fuels, lubricants and aviation fuel. Puma Energy Botswana also owns storage facilities in Gaborone and also operates a network of fuel filing stations.
The Directors of Puma Energy Botswana are: Moemedi Malindah; Agang Gabana ( both Batswana); Tendai Mwewa ( Zimbabwean); and Patricio J. Chababo ( Argentinian). According to section 50( 3), of the Competition Act of 2018, “any person, including a third party not a party to the proposed merger, may voluntarily submit to the inspector or the Authority any document, affidavit, statement or other relevant information in respect of a proposed merger.”