British Petroleum (BP) Malawi has become part of a US$296 million acquisition of Trafigula Group’s PUMA Energy that bought BP assets in five Southern African countries of Malawi, Zambia, Botswana, Namibia, and Tanzania. BP Malawi was co-owned by BP Africa and Malawi’s conglomerate Press Corporation Limited (PCL).
BP Africa announced last year that it was selling its 50% stake in BP Malawi giving an opening for PUMA Energy, a Swiss-based international petroleum giant owned by the Trafigula Group.
The PUMA Energy take-over of the BP Malawi operations ended a 48-year old existence in Malawi.
A statement issued by BP Southern Africa’s CEO Sipho Maseko on Monday, 13 June 2011, said his company handed over BP Malawi to Puma Energy early last month after collaborating to minimise any disruption during transition.
He said over time the BP branding in petrol stations will also be changed to PUMA Energy.
