VENTURES AFRICA – Global integrated oil company Puma Energy International, on Tuesday, announced the acquisition of a liquefied petroleum gas (LPG) terminal in Senegal.
According to a statement by the energy company, it “…has completed the acquisition of 100 percent of the issued share capital of Vitogaz Senegal SA. The principal asset is a 5,000 square meter liquefied petroleum gas terminal in the port of Dakar, Senegal.”
Puma Energy LLC, however, did not disclose the value of the transaction.
Pursuant to the acquisition, Vitogaz Senegal SA will be renamed Puma Energy Senegal SA, Reuters reported.
The move is a continuation of the company’s recent asset acquisition spree which has seen it complete the purchase of Soagel SA, a LPG terminal in Benin.
Last month, the company was also linked to an imminent takeover of Kenya Oil company KenolKobil.
Puma Energy, a subsidiary of Geneva-based trader Trafigura, is an integrated oil company with presence in the midstream and downstream sector of the oil and gas industry. The company has its operations in Latin America, Africa, North East Europe, the Middle East and Asia.