Gas producer Renergen has appointed Standard Bank as a joint underwriter in its planned Nasdaq initial public offering (IPO) and has secured a short-term funding facility with the bank to provide it with funding leading into the IPO.

“Standard Bank is delighted to extend its long-standing support of the Renergen story into this next critical phase of the project’s development and looks forward to delivering a successful capital raise and Nasdaq listing for the company,” said Richard Stout, head of equity capital markets SA and Sub-Saharan Africa...

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