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.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
RMB Closes $285m Axxela Deal in Nigeria's Gas Sector
Levene Energy Acquires 30% Stake in Axxela for Gas Infrastructure Expansion
Afreximbank Supports Levene Energy's Acquisition of Axxela with $64M Investment
RMB Backs Nigeria's Energy Transition with $285M Deal
Afrexim Bank and Heirs Energy Sign $750M Energy Deal in Nigeria
Heirs Energy Secures $750M Financing Deal with Afreximbank for Energy Expansion
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
