Tribunal approves two renewable energy mergers
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In January 2021, the Tribunal unconditionally approved the large merger whereby Greenstreet 1 (Pty) Ltd (“Stanlib Fund II”) sought to acquire a joint controlling interest in Solar Capital De Aar 3 (RF) (Pty) Ltd (“SCDA 3”).
Subsequent to that merger, the Tribunal has also unconditionally approved the transaction whereby Stanlib Fund II will acquire additional shareholding in SCDA 3. Post-transaction, Stanlib Fund II will hold a sole controlling interest in SCDA 3.