Bowmans advised Aveng Limited in relation to the sale of shares transaction in terms of which Royal Bafokeng Holdings Pty Ltd acquired certain infrastructure assets for a cash consideration of R860 million from Aveng Limited, via a wholly owned subsidiary Aveng (Africa) Pty Ltd. This transaction was valued at R860 million. This matter involved a significant deal value and is likely to have a positive impact on the vitally important renewable energy sector in South Africa. It was a favourable disinvestment for Aveng who is able now to direct its focus and energies to core business in Africa.
