Deloitte advises on energy deal in Mozambique

Financial advisor to Sasol in divesting its full shareholding in Central Térmica de Ressano Garcia

Client’s objectives

As part of its asset divestment programme announced in March 2020, Sasol decided to initiate a process to divest its full shareholding in Central Térmica de Ressano Garcia (CTRG), the 175MW gas-to-power plant (IPP) located in Ressano Garcia, Mozambique (the Transaction). The perimeter of the Transaction included the equity and other shareholder claims that Sasol held in CTRG.

Deloitte’s role

Deloitte acted as exclusive sell-side corporate finance advisor to Sasol on the Transaction and assisted in running a limited auction process which attracted interest from a wide range of bidders and resulted in a Sale Securities Purchase Agreement being signed in December 2020 between Sasol and Azura Power Limited. Following the fulfilment of all conditions precedent, which included regulatory approvals, the Transaction completed in April 2022.

  • Client: Sasol South Africa Limited
  • Sector: Energy
  • Capabilities: Corporate Finance Advisory
  • Deloitte’s role: Financial Adviser
  • Country: Mozambique

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