Trafigura plans London float of Puma Energy unit - paper
LONDON Dec 16 (Reuters) - Commodity trader Trafigura is working on plans for a listing on the London Stock Exchange of its Puma Energy subsidiary, The Sunday Times reported, citing Puma's chief executive.
The newspaper quoted Pierre Eladari, Puma's CEO, as saying the business could float in the new year with the proceeds used to fund Puma's expansion drive.
The Sunday Times said Eladari did not comment on the potential size of the offering but cited bankers as saying the float could value the company, which is 65 percent owned by Trafigura, at 3 billion pounds ($4.8 billion).
It said Puma, which owns petrol stations, ports and refineries in 34 countries in the developing world, is yet to hire banks to handle the offering.
- Tweet this
- Share this
- Digg this
- Google launches $105 Android One; eyes low-price smartphone boom
- Pakistani Islamists use floods to turn opinion against India
- Boeing, SpaceX win contracts to build 'space taxis' for NASA |
- Iraqi official briefs Syria's Assad on efforts against Islamic State
- Citing security threat, Obama expands U.S. role fighting Ebola
The electricity board in this Indian city has been instructed to avoid any power cuts and officials have been told to have their shoes polished and their shirts tucked in: Nothing has been left to chance for this week's visit by Chinese President Xi Jinping. Full Article
Climate smart farmers get tech savvy to save India's bread basket. Full Article