Africa Monitor Intelligence
Mozambique: After Anadarko and Vale, SASOL Disinvests
In order to repay its debt, SASOL South Africa decided to sell a 30% stake in ROMPCO, a joint venture created to build and operate the Mozambique-South Africa gas pipeline.
ROMPCO is owned by South African Gas Development Limited (iGas, public), with 25%, by Companhia Limitada de Gasoducto (CMG), ENH's subsidiary, with 25%, and by Sasol Gas Holdings by 50%. After the confirmation of the transaction, scheduled for the second half of this year, SASOL will hold only 20%, becoming a minority partner of ROMPCO.
The Buyer (Reatile Consortium) is a financial vehicle composed ofReatile Group, from South Africa, and the IDEAS Fund, owned by the African Infrastructure Investment Managers Proprietary (Old Mutual). READ MORE