Ellies Holdings receives approval to acquire Bundu Power

Ellies Holdings received unconditional approval from the Competition Commission to acquire 100% of Bundu Power for a maximum of R202.6 million. The deal includes an initial payment of R72.6 million and R130 million in earn-outs.

“The acquisition of Bundu Power is the first building block of the new strategy and will expand the Ellies portfolio of alternative energy solutions.”techcentral.co.za

• 1 source
• techcentral.co.zaEllies gets go-ahead for Bundu Power dealStaff ReporterAug 29, 2023

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