Thursday 18 February 2016

GAS: SEVEN ENERGY SECURES $100M FRESH CAPITAL

Seven Energy International Limited, an integrated gas company in the country with oil and gas interests in the South East region, on Wednesday said it had secured $100m of new equity capital to boost gas delivery to the domestic market.
 
This, the company said, comprised $50m from existing shareholders of the group, including Temasek, Petrofac, Capital International Private Equity, Standard Chartered, International Finance Corporation and IFC African, Latin American and Caribbean Fund, by way of an open offer and $50m invested by the IDB Infrastructure Fund II, sponsored by the Islamic Development Bank and other institutional investors.
 

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