Actis sells Globeleq Africa to Norfund and CDC

Actis has sold Globeleq Africa, an Africa-based power generation platform to a company owned by Norfund and CDC Group. According to terms of the deal, Norfund acquired a minority stake in Globeleq for a cash consideration of $227 million while CDC already held a majority investment. Goldman Sachs advised Actis on the transaction.

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