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South Africa: Sasol South Africa divests 30 per cent equity iinterest in ROMPCO

On 27 June 2021, iGAS, a subsidiary of CEF SOC Limited (CEF), together with Companhia Mocambiçana de Gasoduto (CMG), a subsidiary of Empresa Nacional de Hidrocarbonetos, EP (ENH), announced that they had exercised their pre-emptive rights to acquire a 30% equity interest in the ROMPCO pipeline. ....

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DIVESTMENT BY SASOL SOUTH AFRICA LIMITED (SSA) OF A 30% EQUITY INTEREST IN THE REPUBLIC OF MOZAMBIQUE PIPELINE INVESTMENTS COMPANY (PTY) LIMITED (ROMPCO)

/PRNewswire/ On 27 June 2021, iGAS, a subsidiary of CEF SOC Limited (CEF), together with Companhia Mocambiçana de Gasoduto (CMG), a subsidiary of Empresa. ....

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Reatile Consortium's Minority Investment In Republic of Mozambique Pipeline Investments Company – Global Legal Chronicle

Freshfields Bruckhaus Deringer LLP advised the Reatile Consortium on the deal. Reatile Group Proprietary Limited (“Reatile Group”) and the IDEAS Fund, managed by African Infrastructure Investment … ....

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Sasol Concludes Sale And Purchase Agreement To Sell 30% Interest In ROMPCO Pipeline

Sasol Concludes Sale And Purchase Agreement To Sell 30% Interest In ROMPCO Pipeline
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.
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. ....

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