All data is delayed
See More

BP sells off regional marketing operations

Nov 15 2010 10:20
London -  British energy company BP on Monday said it had agreed to sell group refining and marketing operations in southern Africa for $296m to Switzerland-based Puma Energy.

Puma Energy has agreed to pay BP a total of $296m in cash, subject to certain post-completion price adjustments, for all of BP's interests in" Botswana, Malawi, Namibia, Tanzania and Zambia, it said.

"The decision to divest these businesses, which was first announced by BP in March 2010, followed a strategic review of BP's southern African refining and marketing businesses.

"The sales do not include BP's refining and marketing businesses in Mozambique or South Africa," it said.



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote