Trafigura bids for minority stake in Natref refinery
Trafigura and two local firms are bidding for a 36.36% stake in South Africa's Natref refinery. The share is available after Prax Group entered administration.
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Trafigura is bidding for a 36.36% stake in the Natref oil refinery in South Africa, competing against two local energy firms. The minority shareholding in the 108,500 barrels-per-day plant became available after the previous owner, a United Kingdom-based group, entered administration. The deal offers a rare entry point into one of Africa's largest fuel markets as regional demand continues to grow.
