Pele Energy Group (PEG) has successfully raised R575m ($30.9m), backed by Nedbank and the Norwegian Climate Investment Fund.
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Nedbank and Norway's Norfund are acquiring a “substantial minority” stake in South Africa's Pele Energy.
Pele Energy Group (PEG) has successfully raised R575m ($30.9m), backed by Nedbank and the Norwegian Climate Investment Fund.
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State’s remaining 5% stake, after a planned €1.2bn buy-back, is currently worth €790 million