AP Moller Capital completed the acquisition of Iberafrica from Naturgy.

AP Moller Capital, a firm that manages stand-alone funds to invest in infrastructure in emerging markets, completed the acquisition of Iberafrica, a thermal power plant, from Naturgy, a multinational group in the energy sector. Financial terms were not disclosed. “Kenya is one of our focus countries with its sizeable, growing, and well diversified economy as well as its strategic location in East Africa. The transaction represents A.P. Moller Capital’s first investment in Kenya, where we are planning to be an active long term partner in the energy transformation, creating employment and driving foreign investments to advance the national development and growth agenda," Lars Reno Jakobsen, AP Moller Capital Senior Partner.