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Oil investment firm buys up coffee stake

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Leni Gas Cuba has bought a 10% stake in the Cuba Mountain Coffee Company.

The firm already has a 15.8% interest in MEO Australia Limited, an Australian-listed Cuban oil and gas explorer which owns the large and highly prospective onshore Block 9 east of Havana.

It also owns 15% of Petro Australis Limited, an Australian un-listed Cuban and oil and gas explorer.

The coffee deal includes an investment of £27,300.

Executive chairman David Lenigas said: “The Cuban Coffee Industry will benefit from the latest agricultural techniques and expertise that CMC can bring to improve this famous agricultural sector. Although there is still a lot of work to be done to formalise the contractual relationships between Cuba Mountain Coffee and the Government, we are look forward to being a valued contributor to CMC’s efforts in boosting Cuba’s coffee production and exporting this valuable premium product to the world.”

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