Rand Merchant Bank Advises Helios on Sale of Axxela Stake, Boosting Nigerian Energy Sector

Rand Merchant Bank provided financial advisory services to Helios Investment Partners in the sale of their 75% equity interest in Axxela Limited to BlueCor Gas Infrastructure Limited. The transaction involved the sale of stakes held by various entities, including Glove Gas Power B.V., Afrigaz Energy LLP, and others.

This deal is seen as a significant move to enhance gas power development in Nigeria and the broader West African region, showcasing growing investor interest in energy infrastructure. Chidi Iwuchukwu, an executive at Rand Merchant Bank, expressed pride in advising Helios on this landmark transaction.