Brief: Aker Horizons's Unit Signs Agreement For Sale Of African Renewable Energy IPP

Aker Horizons ASA

18/07/2022 07:33

July 18 (Reuters) - Aker Horizons ASA  AKH.OL :
    * MAINSTREAM RENEWABLE POWER SIGNS AGREEMENT FOR SALE OF
AFRICAN
RENEWABLE ENERGY IPP
    * MAINSTREAM RENEWABLE POWER AND ACTIS HAVE SIGNED AGREEMENT
TO
SELL LEKELA POWER TO INFINITY GROUP AND AFRICA FINANCE
CORPORATION
    * TRANSACTION IS EXPECTED TO GENERATE NET PROCEEDS TO
MAINSTREAM
OF APPROXIMATELY USD 90 MILLION, SUBJECT TO CERTAIN CLOSING
ADJUSTMENTS, WITH TRANSACTION VALUED AT ENTERPRISE VALUE OF
ABOUT USD 1.5 BILLION
    * CLOSING OF TRANSACTION IS EXPECTED TO OCCUR LATER IN YEAR

Source text for Eikon:  ID:nObiQdl5Va 
Further company coverage:  AKH.OL 

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