BPOPF buys 20% of Puma Energy for P300m

Puma Energy
Puma Energy

The Botswana Public Officers Pension Fund (BPOPF) has bought a 20 percent stake in oil company, Puma Energy Botswana for P300 million.

Sitting on an asset base of P51 billion, BPOPF has 35 percent of its funds invested in Botswana through equities, bonds, property and private equity.

Speaking to BusinessWeek on the sidelines of the launch of the fund’s whistle blowing facility in Gaborone this week, CEO Boitumelo Molefe confirmed that the transaction has been wrapped up following a decision by the board to acquire shareholding in the oil company.

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