Masdar and Infinity Energy set to buy majority stake in Lekela Power

A consortium of Abu Dhabi's Masdar and Egypt's Infinity Energy is set to acquire a majority stake in Lekela Power from private equity house Actis, in a deal that could be worth close to $1 billion. The deal would give Masdar its first foothold in southern Africa.

“A consortium of Abu Dhabi's Masdar and Egypt's Infinity Energy is set to buy a majority stake in Lekela Power from private equity house Actis, three sources directly linked to the sale said, in a deal that could be worth close to $1 billion.”brecorder.com

• 1 source
• brecorder.comUAE-Egypt consortium set to buy African renewables firm Lekela - Markets - Business RecorderReutersJun 3, 2022

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