Puma Energy To Snag BP African Units For $296M

Law360, New York (November 16, 2010, 6:28 PM EST) -- BP PLC on Tuesday announced the planned sale of units in five African countries to Puma Energy SA for $296 million, the latest in a series of asset sales to fund the oil giant's cleanup efforts in the Gulf of Mexico following the Deepwater Horizon disaster.

Puma, a unit of oil trading firm Trafigura Beheer BV, will gain a 100 percent interest in BP's fuel marketing units in Namibia and Botswana, as well as the company's 75 percent stake in BP Zambia and its 50 percent...
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