Puma Announces Sale Of 20% Stake To BPOPF

BPOPF Chief Executive Officer-Principal Officer Ms. Boitumelo Molefe
BPOPF Chief Executive Officer-Principal Officer Ms. Boitumelo Molefe

Puma Energy, the global mid and downstream energy company, on Friday announced the sale of ordinary shares in Puma Energy Botswana to the Botswana Public Officers’ Pension Fund (BPOPF), introducing more Batswana citizens into the ownership structure of Puma Energy Botswana.

The share sale equates to 20% of Puma Energy Botswana’s total ordinary shares in circulation. The board of directors welcome the BPOPF into the shareholding structure, which will contribute to securing the long-term development and stability of the Botswana economy and Puma Energy’s Botswana business.

Christophe Zyde, Chief Operating Officer of Puma Energy in Africa said: “The introduction of the BPOPF reinforces our commitment to Botswana. Puma Energy will remain focused on investing in Botswana and will continue to grow the business to create value for all stakeholders.”

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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