mergers and acquisitions
Research and Development
Foreign direct investment in Africa decreased by 16% in 2020
Foreign direct investment in Africa has seen a decline of 16% in 2020, this is according to the recently published UNCTAD’s World Investment Report 2021. COVID-19 had a significant impact on FDI on the continent from $47 billion in 2019 to $40 billion in 2020.
Business and markets
M&A deal: SB Energy bought for $3.5bn from Softbank and Bharti
Adani Green Energy has undertaken one of the largest renewable energy acquisitions in India acquiring SB Energy at a value of $3.5 billion.
Generation
West African C&I solar power provider expands into East Africa
Starsight Energy announced its acquisition of a 50% stake in the East African operations of C&I solar power provider Premier Solar Group.
Business and markets
Joint venture: Clariant and India Glycols tap into renewables megatrend
Clariant and IGL announced a strategic partnership to establish a 51-49% joint venture in renewable ethylene oxide (EO) derivatives.
Business and markets
PetroSA merger to form South African National Petroleum Company
The iGas, PetroSA and Strategic Fuel Fund are planned to be merged and will be called the South African National Petroleum Company.
Business and markets
LPG market growth as Petredec acquires Quest Petroleum in South Africa
Through the acquisition, Petrefuel will distribute diesel, petroleum, paraffin and lubricants to customers operating in the transport, agricultural, retail, industrial and other commercial sectors.
Business and markets
Central Energy Fund refutes reports to buying Sasol assets
The Central Energy Fund (CEF) has dismissed media reports that it is in talks to buying petrol stations belonging to Sasol.
Generation
EBRD reinforces renewable drive via stake in Egypt’s Infinity Energy
The European Bank for Reconstruction and Development (EBRD) is investing $60 million to become a shareholder in an Egyptian private energy company,...
Business and markets
Rolls-Royce takes majority holding in power storage specialist Qinous
Rolls-Royce acquired a 73.1% majority stake in Berlin-based electricity storage specialist Qinous to boost its position in the storage and microgrid market.
Press Releases
Transactions in global power M&A market reached $158bn in 2018
The global power mergers and acquisitions market saw transaction volumes reaching $158 billion in 2018, the second-highest in the last five years, according to GlobalData.
