AIIM Makes Bid for African Renewables Firm Lekela, Reuters Says – EQ Mag Pro
0
0
African Infrastructure Investment Managers (AIIM) submitted an indicative bid for a 60% stake in Lekela Power, Reuters reported, citing unnamed sources.
Lekela, one of Africa’s largest renewable energy companies, could be worth $2 billion in total, the report said. AIIM declined to comment, it added.
Africa-focused power firm Globeleq, 70%-owned by British government development finance institution CDC Group, was also considering bidding for the stake, the report said.
Lekela’s majority shareholder, private equity firm Actis, is due to shortlist bidders after receiving indicative offers last week, the report said.
Source: Bloomberg
Related posts:
- Second Credit Line for CAF under GREEN Operations
- JinkoSolar Announces Pricing of Follow-on Offering of 3,600,000 American Depositary Shares and US$35 Million Concurrent Private Placement
- Vaisala strengthens its position in remote wind sensing by acquiring Leosphere SAS and consequently revises its business outlook for 2018
- Mass Production Efficiency of 25.23% Transcends HJT Record