LONDON: Coca-Cola HBC AG has entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd (GFI) for a combined purchase price of US$2.6 billion, implying an equity value for 100% of CCBA of US$3.4 billion….
MEUDON, FRANCE: Vallourec, a world leader in premium tubular solutions, announces its effective membership in Dii Desert Energy, a global organization dedicated to energy in the desert regions of the Middle East and North Africa (MENA). Consequently, the Group also joins the MENA Hydrogen Alliance, a collaborative network committed to the development of green hydrogen…
JOHANNESBURG: Multinational oil service company Halliburton has taken a significant step toward enhancing local participation in the oil and gas sector. The company is inviting eligible local businesses to submit an Expression of Interest (EOI) for the supply of goods and services across various categories within the industry. This move aims to assess local interests…
Rand Merchant Bank (RMB), a prominent African corporate and investment bank, has made a strategic investment in the Acre Export Finance Fund I. This fund is dedicated to supporting climate-aligned infrastructure projects across Africa by targeting commercial debt tranches of Export Credit Agency (ECA) transactions. The fund celebrated its initial closing on April 17th, securing…
LONDON: Chariot Limited (AIM: CHAR), a company at the forefront of Africa’s transitional energy sector, has declared the commencement of a strategic review for its Transitional Power division. This division is dedicated to delivering sustainable power and water solutions across Africa, with a particular emphasis on renewable energy projects and electricity trading. Since its inception…
LONDON: Klimat X Developments Inc. (TSXV: KLX), a carbon project developer, has announced a name change to Carbon Done Right and a partnership with a tech-enabled platform that will enhance its carbon credit generation and distribution. The company, which operates in West Africa, will use the Carbon Quantification System (CQS™) developed by its partner, also…
LONDON, UK: Vitol Investment’s newly formed BidCo has signed an agreement to acquire the entire issued and to be issued share capital of Vivo Energy (excluding Vivo shares held by the existing Vitol shareholders) for $2.3 billion, a bourse filing said. BidCo is a company indirectly owned by Vitol Investment Partnership II Limited (VIP II),…
OSLO, NORWAY: Zwipe and NetPS, part of dzcard Group and one of the main Moroccan Smart Card Personalization Bureaus, are partnering to bring Zwipe Pay ONE enabled biometric payment cards to banks across Africa and the Middle East. As part of this collaboration, both companies will work closely to promote the innovative Zwipe Pay ONE…
AMSTERDAM: HEINEKEN N.V. intends to acquire control of Distell and NBL, which will be combined with HEINEKEN South Africa into a new HEINEKEN majority owned business with a total valuation of approximately €4 billion. HEINEKEN N.V. (OTCQX: HEINY) has entered into an implementation agreement with Distell Group Holdings Limited, Namibia Breweries Limited (NBL) and Ohlthaver…
LONDON: Zenith Energy Ltd., an oil & gas production company focused on African development opportunities, announced that it is in advanced discussions to establish a commercial PPE manufacturing enterprise, specifically protective face masks, in the United Kingdom to combat the COVID-19 pandemic. Rationale Zenith recognises the unprecedented challenges posed by the COVID-19 pandemic to populations…