Addleshaw Goddard’s African Business Group has recently advised Seven Energy International Limited (“Seven Energy”) in securing US$255 million of new equity capital which will enable the Group to further develop gas supply opportunities in Nigeria’s domestic energy market.
Temasek, the Singapore investment company, has committed US$150 million, the International Finance Corporation (“IFC”), a member of the World Bank Group, has committed US$75 million, and the IFC African, Latin American, and Caribbean Fund (“IFC ALAC Fund”) has committed US$30 million. The investments will be in two tranches, the timing of which is subject to the satisfaction of certain conditions in the investment agreements.
Tags: Addleshaw Goddard LLP






