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Our team represented the lending consortium in the ZAR 1billion-plus financing for Afric Energy Resources Proprietary Limited

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Our team represented the lending consortium in the ZAR 1billion-plus financing for Afric Energy Resources Proprietary Limited

1 Jun 2018 1 min read Featured work

Cliffe Dekker Hofmeyr represented the lending consortium (Standard Bank of South Africa acting through its Corporate & Investment Banking Division in its capacity as preference share agent; Nedbank Limited acting through its Corporate & Investment Banking Division; Firstrand Bank Limited acting though its Rand Merchant Bank Division; Liberty Group Limited; and Avbob Mutual Assurance Society) in the ZAR 1 billion-plus financing for Afric Energy Resources Proprietary Limited, a subsidiary of Phembani Group Proprietary Limited. The deal funded the acquisition of shares in Engen Limited and the refinancing of existing debt in the group. 

 

 

THE TEAM BEHIND THE DEAL

Ludwig Smith

Ludwig Smith

Director

Corporate & Commercial Law

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