Actis Acquires Cameroon Utility AES-SONEL for $202M
June 17, 2014
Actis has completed the acquisition of AES-SONEL, a national integrated utility, from AES (NYSE: AES). The deal price was $202 million, for a 56% stake in AES-SONEL and power plants Kribi and Dibamba. SONEL generates 933 megawatts and supplies electricity to over 800,000 customer connections throughout Cameroon, while Kribi and Dibamba contribute a combined 302 MW.