Renergen’s shares leap as Central Energy Fund eyes R1bn stake
The state-owned company aims to acquire about 10% of the Virginia Gas Project
28 March 2022 - 09:05
UPDATED 28 March 2022 - 15:03
Shares of Renergen rose the most in almost four months on Monday, after the helium and natural gas group said the Central Energy Fund (CEF) is looking to pick up a R1bn stake, making it the second high-profile investor to express interest in about two weeks.
The state-owned CEF, whose mandate includes securing SA energy security, aims to pick up a 10% stake in Renergen’s subsidiary Tetra4, which wholly owns the Virginia Gas Project in the Free State...
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