Announced
Financials
Sources
Tags
Friendly
Single Bidder
Renewable Energy Equipment
Domestic
Acquisition
Pending
South Africa
Private
Majority
solar parks
Private Equity
Synopsis
STANLIB, a South African asset manager, agreed to acquire a 60% stake in Upington solar park, an energy infrastructure, from Scatec, a renewable energy company in emerging markets, and Norfund, a private equity firm, for $56m. “Today’s transaction is in line with our strategy to optimise our portfolio as presented at our Capital Markets Update in September 2022 and will release capital for new investments in renewable energy. We are very pleased to secure a value accretive transaction and are confident that STANLIB will be a solid owner of the asset going forward,” Terje Pilskog, Scatec CEO.
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
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.