Actis Unit Globeleq Sells Globeleq Africa to Norfund, CDC Group

September 14, 2015

Norfund pays $227m cash for 30% stake; CDC, which already owns majority indirect investment in Globeleq Africa via Actis Infrastructure 2 Fund, transferred its stake into new co. owned jointly w/Norfund, according to e-mailed statement from Actis.

* NOTE: Globeleq Africa manages electricity-generating assets in Cameroon, Tanzania, Ivory Coast, Kenya, South Africa, using gas, heavy fuel oil, wind, solar technologies. Source: Bloomberg