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Mahube Infrastructure to delist from JSE following premium buyout offer

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December 11, 2025

MAHUBE

- EDWARD WEST

Mahube Infrastructure to delist from JSE following premium buyout offer

MOSA Molebatsi, Head: Private Debt at Mergence Investment Managers

(SUPPLIED)

Infrastructure, which listed on the JSE in 2015 and initially traded as GAIA Infrastructure Capital, has been made an offer to delist and taken private in terms of a scheme of arrangement.Mergence Renewable Energy Debt Fund II Trust, managed by Mergence Investment Managers, and Specialised Listed Infrastructure Equity En Commandite Partnership (SLIEP), managed by Creation Capital, have established a new special purpose vehicle called Sustent Holdings, as the offeror, a statement said Tuesday.

The transaction offers an opportunity for shareholders wishing to exit their investment at a premium to the share trading price. At R5.50 per share cash, the offer represents a premium of 30.64% to the R4.21 closing share price, and a 32.31% premium to the 30-day volume weighted average share price of Mahube of R4.16 per share, as at January 22, 2025.

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