UPDATE 1-S.Africa, Mozambique state energy firms to increase

UPDATE 1-S.Africa, Mozambique state energy firms to increase shareholding in gas pipeline


By Reuters Staff
(Adds Sasol comment)
JOHANNESBURG, June 27 (Reuters) - State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is selling, the companies said on Sunday.
Petrochemical firm Sasol said last month it was selling the stake in the ROMPCO pipeline from Mozambique to South Africa to a consortium of investors including Reatile Group for an initial amount of 4.15 billion rand ($293 million).
But that deal was subject to pre-emptive rights on the shares held by existing shareholders iGAS, a subsidiary of South Africa’s Central Energy Fund, and Companhia Moçambicana de Gasoduto (CMG), a subsidiary of Mozambique’s Empresa Nacional de Hidrocarbonetos.

Related Keywords

South Africa , Johannesburg , Gauteng , Mozambique , South African , Toby Chopra , Companhia Mo , Thomson Reuters Trust Principles , Reatile Group , Central Energy Fund , Sasol , Africa Central Energy Fund , Reuters , Adds Sasol , Empresa Nacional De Hidrocarbonetos , Executive Est , Alexander Winning , Thomson Reuters Trust , ஜோகன்னஸ்பர்க் , கௌஊட்டெங் , மொசாம்பிக் , டோபி சோப்ரா , தோழமை மோ , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , மைய ஆற்றல் நிதி , சசோல் , ராய்ட்டர்ஸ் , அலெக்சாண்டர் வென்றது , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

© 2025 Vimarsana