ePointZero, a subsidiary of 2PointZero Group, has announced plans to acquire a 90% stake in Azura Power, a pan-African independent power producer (IPP) with 752MW of operating capacity.
The company will enter the African power generation market as a result of this transaction, pending customary regulatory approvals and closing conditions.
No financial terms or expected completion date were disclosed.
The transaction would see ePointZero acquire the ownership interests held by Actis and Africa50 through an acquisition vehicle established with Amaya Capital.
Amaya Capital, which founded Azura Power in 2010, would retain a 10% minority stake.
#power #acquire
The company will enter the African power generation market as a result of this transaction, pending customary regulatory approvals and closing conditions.
No financial terms or expected completion date were disclosed.
The transaction would see ePointZero acquire the ownership interests held by Actis and Africa50 through an acquisition vehicle established with Amaya Capital.
Amaya Capital, which founded Azura Power in 2010, would retain a 10% minority stake.
#power #acquire
2 months ago
