.
MergerLinks Header Logo

New Deal


Announced

Exxaro acquired the remaining 50% of Cennergi for $106m.

Financials

Edit Data
Transaction Value£81m
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Alternative Electricity

Acquisition

Private

South Africa

Single Bidder

Pending

wind farms

Friendly

Synopsis

Edit

Exxaro, a large coal and heavy minerals mining company in South Africa, acquired the remaining 50% of Cennergi, the joint venture it formed with Tata Power Company, an Indian electric utility company based in Mumbai, for $106m. Cennergi owns 2 wind farms which were originally bid as part of Window 2 of the Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme. “The collaboration between Exxaro and Tata Power over the past seven years to develop these projects to their current status has been a commendable and outstanding success in South Africa’s implementation of its energy strategy. As a South African-based company, Exxaro is pleased with this opportunity to consolidate its interest in this renewable energy asset at a time in South Africa where we need energy security as we respond to increasing negative sentiment towards coal-based electricity generation,” Mxolisi Mgojo, CEO of Exxaro Resources.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US