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
- Alabama man claims penis was amputated by mistake
- French warplanes search Mali desert for crashed Air Algerie plane
- REFILE-Minnesota man asked to leave Southwest flight after critical tweet
- UPDATE 7-French warplanes search Mali desert for crashed Air Algerie plane
- Iraq elects president as Ban urges unity to save nation
India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically. Full Article