PME African Infra - Acquisition approval
RNS Number : 0324E
PME African Infrastructure Opps PLC
23 September 2008
PME AFRICAN INFRASTRUCTURE OPPORTUNITIES PLC
('PME')(AIM: PMEA.L; PMEW.L)
PME announces approval received by South African Competition Commission for acquisition of Sheltam Grindrod Holdings and 12 General Electric Locomotives
On 4 August 2008, PME African Infrastructure Opportunities plc, announced the exchange of contracts for its acquisition of (i) a 50% interest in Sheltam Grindrod Holdings (Pty) Limited and (ii) 12 General Electric Locomotives. Both transactions were subject to the approval of the South African Competition Commission. This approval has been received and, as a result, both transactions have now completed.
Principle Capital on behalf of Anne Dalen +44 20 7240 3222
Smith & Williamson Siobhan Sergeant +44 20 7131 4000
Corporate Finance Limited
Fairfax I.S. PLC James King +44 20 7598 5368
Note to Editors:
- PME African Infrastructure Opportunities plc ('PME') is a company investing
in sub-Saharan African infrastructure and infrastructure related industries. Its shares were admitted to AIM in July 2007 raising US$180 million.
- PME was established to invest in sub-Saharan African infrastructure and infrastructure related industries with a view to generating attractive returns, principally through capital growth. It is targeting opportunities arising from years of under investment in sub-Saharan African infrastructure where that infrastructure will be instrumental in allowing the continent's economic development to continue to
- The Investment Manager is PME Infrastructure Managers Limited ('PMEIM'). The Investment Manager is responsible for identifying new investment opportunities.
- PMEIM is a joint venture between Principle Capital Holdings S.A. (AIM: PCX.L), Unicos Partners LLP (holding company of the Helvetica Group of companies), Masazane Capital (Pty) Limited and the interests of Richard Bouma, CEO of PMEIM.
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