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
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

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