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Puma Energy announces sale of Puma Energy Paraguay to Impala

02 Oct 2019

Singapore, 2 October 2019 – Puma Energy Holdings Pte Ltd. (“Puma Energy” or the “Company”) today 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.”

This announcement contains inside information under Article 17 of Regulation (EU) 596/2014 (16 April 2014).

- ENDS -

For press queries, please contact:
FTI Consulting
Elizabeth Adams | Genevieve Ryan
Tel: +44 (0) 20 3727 1000
Email: pumaenergy@fticonsulting.com

For investor queries, please contact:
investors@pumaenergy.com
Further information can be located at: https://www.pumaenergy.com/en/investor-relations/home/

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.
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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.

For further information visit: www.pumaenergy.com

Cautionary Statement

This announcement is not being made in and copies of it may not be distributed or sent into any jurisdiction where distribution would be unlawful.

Forward-looking statements

Some of the information included in this announcement contain forward-looking statements. You can identify these forward-looking statements by use of words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “will,” “estimates,” “intends,” “projects,” “goals,” “objectives,” “guidance,” “targets,” “forecasts” or “could”, the negative of such terms and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. Although Puma Energy believes that the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of Puma Energy or any of its directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this announcement. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of Puma Energy or any of its directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this announcement.

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