Puma Energy Pakistan
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]
 | |
| Type | Subsidiary |
|---|---|
| Industry | Oil and gas |
| Founded | 2001 |
| Headquarters | |
Area served | Pakistan |
| Products | Petroleum products |
| Services | Distribution and retail |
| Website | www |
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
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]
References
- "Stocks". Bloomberg News.
- "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.
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