Sojitz completed the acquisition of a 25% stake in Axxela from Helios Investment Partners.

Sojitz, an industrial conglomerate, completed the acquisition of a 25% stake in Axxela, a gas distributor, from Helios Investment Partners, a private equity firm. Financial terms were not disclosed. “We are delighted to welcome Sojitz to the Axxela family. This represents another first for us as an organisation, and a huge testament of continued investor confidence in our business. It also further affirms our position not only as a market leader, but as a reputable partner enabling industrialisation across Africa. With Sojitz onboard, our capacity is stronger, and we are better situated to attract the requisite capital to continue executing our development-oriented projects," Bolaji Osunsanya, Axxela CEO.