Old Mutual unit invests R420m in renewable energy developer Mulilo
Hybrid Equity, a division of Old Mutual Alternative Investments, has upped its stake in the renewable energy firm
13 December 2022 - 21:06
Hybrid Equity, a division of Old Mutual Alternative Investments (OMAI), has invested an additional R420m to increase its stake in renewable energy developer Mulilo.
Hybrid Equity has been a shareholder in Mulilo since 2015 when it invested R120m to take a stake in the company. It injected another R380m in 2020 to further boost its investment. The transaction is part of OMAI’s broader goal of accelerating SA’s transition to a cleaner and more climate-conscious energy system...
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