LONDON Dec 16 Commodity trader Trafigura
is working on plans for a listing on the London
Stock Exchange of its Puma Energy subsidiary, The Sunday Times
reported, citing Puma's chief executive.
The newspaper quoted Pierre Eladari, Puma's CEO, as saying
the business could float in the new year with the proceeds used
to fund Puma's expansion drive.
The Sunday Times said Eladari did not comment on the
potential size of the offering but cited bankers as saying the
float could value the company, which is 65 percent owned by
Trafigura, at 3 billion pounds ($4.8 billion).
It said Puma, which owns petrol stations, ports and
refineries in 34 countries in the developing world, is yet to
hire banks to handle the offering.