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New Deal


Announced

Reatile Group and IDEAS Fund to acquire a 30% stake in ROMPCO from Sasol for $361m.

Financials

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Transaction Value£256m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Gas Distribution

Minority

Private

Pending

South Africa

Domestic

gas pipeline

Acquisition

Friendly

Private Equity

Single Bidder

Synopsis

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Private equity firms Reatile Group and IDEAS Fund, agreed to acquire a 30% stake in Republic of Mozambique Pipeline Investments Company, a gas pipeline firm, from Sasol, an integrated energy and chemical company, for $361m. SSA will retain a 20% shareholding in ROMPCO and will continue to operate and maintain the pipeline in terms of the commercial agreement between Sasol and ROMPCO, which is independent of the proposed transaction. It is expected that the proposed transaction will become effective during the second half of calendar year 2021.

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