Mozambique: Sasol concludes sale and purchase agreement to sell 30 per cent interest in ROMPCO pipeline
17 May 2021
Sasol, has concluded a sale and purchase agreement (SPA), to sell a
30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders.
ROMPCO is a joint venture between SSA (50%), Companhia Mocambiçana de Gasoduto S.A. S.A.R.L (CMG) (25%) and South African Gas Development Company (SOC) Limited (iGas) (25%). The joint venture owns the 865 km gas transmission pipeline from Mozambique to South Africa.
SSA has agreed to sell the 30% interest in ROMPCO to an acquisition vehicle beneficially owned by a consortium comprising Reatile Group Proprietary Limited and the IDEAS Fund, managed by African Infrastructure Investment Managers Proprietary Limited.