Camac Energy: JSE listing set after PIC deal

Comment on this story

Camac Energy will begin trading on the JSE on February 24, after the Public Investment Corporation (PIC), the state pension manager, agreed to contribute $270 million (R2.9 billion) towards the acquisition of Nigerian oil assets. The PIC would hold 30 percent of Camac, the US firm chaired by Kase Lawal said on Friday. On Friday, the Freedom Front Plus asked the public protector to probe the transaction, Sapa reported. The PIC had not responded to calls for comment at the time of going to print. – Bloomberg


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.