Puma Energy Pakistan
Appearance
Company type | Subsidiary |
---|---|
Industry | Oil and gas |
Founded | 2001 |
Headquarters | |
Area served | Pakistan |
Products | Petroleum products |
Services | Distribution and retail |
Website | www |
Puma Energy Pakistan, formerly known as Admore Gas, is a Pakistani oil marketing company which is a subsidiary of Singaporean company Puma Energy and is based in Karachi, Pakistan.[1]
It was founded in 2001.[1] The company operates more than 470 retail shops in the country.[2]
In 2014, it was acquired by the Pakistani conglomerate company Chisti Group.[2]
In 2017, Puma Energy acquired majority stake in the company.[3] As a result, company became a joint-venture between Puma Energy and Chisti Group.[4]
Acquisition
[edit]Cnergyico Pk Ltd is in the process of acquiring 57.37 per cent shares of Puma Energy Pakistan. Once the transaction is completed then Cnergyico Pk Ltd would become country's second-largest fuel retailer.[5]
See also
[edit]References
[edit]- ^ a b "Stocks". Bloomberg News.
- ^ a b "Singapore oil firm acquires 51 percent stake in Admore". www.thenews.com.pk. August 26, 2017.
- ^ Reporter, The Newspaper's Staff (November 3, 2017). "CORPORATE WATCH". DAWN.COM.
- ^ "Singaporean energy firm buys local OMC". The Express Tribune. November 3, 2017.
- ^ Reporter, The Newspaper's Staff (2022-01-14). "Cnergyico buys majority stake in Puma Energy". DAWN.COM. Retrieved 2022-01-24.