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Article content JOHANNESBURG 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). We apologize, but this video has failed to load. Try refreshing your browser, or S.Africa, Mozambique state energy firms to increase shareholding in gas pipeline Back to video 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. ....
UPDATE 1-S.Africa, Mozambique state energy firms to increase shareholding in gas pipeline reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
SA, Mozambique state energy firms to increase shareholding in gas pipeline timeslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timeslive.co.za Daily Mail and Mail on Sunday newspapers.
Sasol sells Moz pipeline stake for R5bn as it pares down debt By Dineo Faku Share SASOL on Friday announced the R5 billion sale of a 30 percent stake in its Republic of Mozambique Pipeline Investments Company (Rompco) as part of its asset disinvestment programme aimed at settling debt. The group said it had concluded a sale and purchase agreement with a consortium comprising black empowerment firm, Reatile Group, and the Ideas Fund, one of South Africa s biggest infrastructure funds, which is managed by African Infrastructure Investment Managers, a subsidiary of Old Mutual Alternative Investments Holdings. The proposed transaction is expected to become effective during the second half of 2021. ....