Afreximbank Grants $64M to Levene Energy to Acquire 30% Stake in Axxela in Nigeria
The pan-African bank finances Levene Energy’s entry into West African gas infrastructure. The transaction marks a strategic diversification for the Nigerian trader, historically positioned in oil and refined products.
| Sector | Gaz |
|---|---|
| Theme | Investissements & Transactions |
African Export-Import Bank (Afreximbank) has granted a $64M acquisition finance facility to Levene Energy Development Limited. This credit line supports Levene Energy’s equity commitment to Bluecore Gas Infraco Limited, an acquisition vehicle intended to take a 30% stake in Axxela Limited. This Nigerian company operates in gas and power infrastructure in West Africa.
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