Trafigura currently is the majority shareholder in Puma. Post-acquisition means that Trafigura will have controlling interest in Puma.
ICCC Commissioner and Chief Executive Officer, Paulus Ain said although both Trafigura and Puma are private companies both incorporated in Singapore.
The parties applied to the ICCC for clearance because Puma operates in Papua New Guinea through its three subsidiaries; Puma Energy Bunkering PNG Limited, Puma Energy PNG Ltd and Puma Energy PNG Refining Ltd.
