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.
/PRNewswire/ Sasol is pleased to announce that Sasol South Africa Ltd ("SSA"), a major subsidiary of Sasol, has concluded a sale and purchase agreement.
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Sasol concludes sale and purchase agreement to sell 30% interest in ROMPCO pipeline in the Republic of Mozambique
édité le 14/05/2021 - Plus de news de Sasol - Voir la fiche entreprise de Sasol
Sasol South Africa (SSA), a major subsidiary of 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 kilometre gas transmission pipeline from Mozambique to South Africa.
The company said it 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. Picture: Dimpho Maja, ANA.
Sasol agrees to sell 30% interest in ROMPCO to an acquisition vehicle
By BR Reporter
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Energy and chemical company Sasol South Africa (SSA), a subsidiary of 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.
In a statement, Sasol said 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 865km gas transmission pipeline from Mozambique to South Africa.