Puma Energy Holdings Pte Ltd. announced the sale of its business operations in Paraguay to Impala Terminals Group (“Impala”), a joint venture between Trafigura and IFM Global Infrastructure Fund for a purchase price of U.S. $200 million.

The transaction is expected to close by January 2020.

It is the Company’s priority to ensure a transparent and seamless transition of operations to Impala for all customers and business associates in Paraguay. The business will continue to be operated under the Puma Energy brand name.

The Company expects to use the proceeds of the sale to pay down debt, in line with the Company’s capital management policy.

FitzGerald, CEO of Puma Energy, said:

“This transaction is a positive step forward in Puma Energy’s commitment to optimising our global portfolio and deleveraging our balance sheet by the end of 2020. Puma Energy continues to work closely with all partners across the Americas and remains fully committed to operations in the region.”

About Puma Energy

Puma Energy is a leading global energy business which supplies, stores and distributes petroleum products in 47 countries across six continents. Founded in 1997, Puma Energy has its headquarters in Singapore and Geneva and regional hubs in South Africa, Puerto Rico, Australia and Estonia, and employs over 8,000 people globally.
Puma Energy has a network of over 100 storage terminals, more than 3,000 retail sites, and a presence at over 80 airports. Our purpose is to energise communities to help drive growth and prosperity by sustainably serving our customers’ needs in high potential countries around the world.