Mahube Infrastructure to delist from JSE following premium buyout offer

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.

- EDWARD WEST

MOSA Molebatsi, Head: Private Debt at Mergence Investment Managers

(SUPPLIED)

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.

This was the last practicable date prior to the offeror communicating its intention to launch the proposed transaction to the company.