Puma deal shot down

Plans by Puma Energy to dispose its Liquified Petroleum Gas (LPG) business has hit a snag following the decision by the Namibian Competition Commission to reject the merger between Puma’s gas unit and Namox.
Puma Energy inherited the LPG business when it acquired BP Namibia as part of a US$296 million deal that also involved BP assets in Botswana, Zambia, Malawi and Tanzania in 2011. However, the energy company had wanted to dispose its gas business as it did not form part of its core business.