Camac Energy: JSE listing set after PIC deal

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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

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