ARISE Industrial Services to acquire a 35% stake in Aera Group for $12m.

ARISE Industrial Services, a pan-African infrastructure developer and operator, agreed to acquire a 35% stake in Aera Group, a trader of environmental certificates in Africa, for $12m. “This deal is a recognition of Aera’s track record in environmental certificates origination and trading in Africa. In the last 5 years we’ve achieved a number of ground-breaking achievements – from the record number of climate projects registered under carbon certification to the record volume of CO2 emissions reduction certificates traded. Together with ARISE IS, we share the same long-term vision of environmental markets. They can unlock massive funding to scale up climate action. Climate needs cash and that’s our focus at Aera," Aera Group, Fabrice Le Saché, Chairman.