South Africa: AREP acquires Sola Group stake

Issue 432 - 11 Feb 2021

Patrice Motsepe’s African Rainbow Energy and Power (AREP) has acquired a 40% stake in South Africa’s SOLA Group, becoming the largest individual shareholder in the company. AREP made the announcement on 4 February but the transaction was finalised in late 2020. Two AREP directors will join SOLA’s board.

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