Puma Energy Acquires ExxonMobil Assets in the Region

©image: Puma Energy

Founded in 1997, Puma Energy has quickly grown into one of the world’s largest independent petroleum commercialization and downstream distribution companies.

The acquisition must still be approved by the corresponding authorities in each country.

Source: Puma Energy

More on this topic

PUMA-ESSO Merger Application Declared Inadmissible

September 2011

The Superintendency of Competition in El Salvador has declared an application for economic concentration between PUMA and ESSO inadmissible, on the grounds of failure to submit complete information.

A press release from the Superintendency of Competition (SC) reads:

This inadmissibility does not mean that the merger request has been denied, but if they wish to merge, the companies must begin the process again.

New Application Presented for PUMA-ESSO Merger

November 2011

The Superintendency for Competition in El Salvador has agreed to hear a resubmitted economic concentration application by Puma Energy.

A press release from the Superintendency for Competition (SC) states:

The Board (CD in Spanish) of the SC is considering a new economic concentration application by Puma Energy for the acquisition of shares in Esso Standard Oil’s El Salvador Subsidiary, Servicios Santa Elena and part of the Acajutla Petroleum Refinery.

Unopetrol Acquires Rubis Nicaragua

December 2011

The company, part of the Terra Group, has completed the acquisition of Rubis Nicaragua.

After several months of negotiations, the fuel company Unopetrol has completed the buying process of Rubis Nicaragua, positioning itself as a leader in the oil market in Central America.

Chevron-Texaco and Exxon would Sell Assets in CA

March 2011

The transnational companies may be preparing the sale of assets in Honduras, El Salvador and Guatemala.

From El Salvador, the executive director of the Salvadoran Association of Distributors of Petroleum Products (ASDPP), Julio Villagran, told Prensa Libre by telephone that Exxon executives began negotiations for the sale of assets in El Salvador and Guatemala during last December.