Taranis to acquire the Africa business of the Akuo Group.

Taranis, the investment arm of the Perenco Group, agreed to acquire the Africa business of the Akuo Group, an international developer and producer of renewable energy. Financial terms were not disclosed. This strategic acquisition will enable Taranis to strengthen the activities of its Energy for Africa fund, integrating Akuo's local portfolio of projects and the recognised expertise of its teams in the development of renewable energy in Africa. For Akuo, this transaction will enable it to refocus its activities geographically on its key markets mainly in Europe, but also in the United States and Latin America.