# 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.

- Type: Acquisition
- Announced: 2022-06-03
- Where: South Africa
- Value: $1.00B
- Status: rumored
- Products: renewable energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Actis](https://endata.com/companies/27319.md) (partner)
- [Masdar](https://endata.com/companies/38879.md) (acquirer)
- [Infinity Energy](https://endata.com/companies/63280.md) (acquirer)
- [Lekela Power](https://endata.com/companies/63281.md) (target)

## Sources

- [brecorder.com](https://www.brecorder.com/news/40177531), 2022-06-03: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.