Old Mutual-owned private equity fund in talks with BlackRock to sell renewables stake
Enter recipient email addressAIIM has stakes in renewable projects that are generating electricity or building plants that will produce more than 2 800 megawatts of power. .
African Infrastructure Investment Managers is in talks with companies including BlackRock to sell a stake in one of the continent's biggest renewable energy businesses, people with knowledge of the matter said. The infrastructure-focused private equity fund owned by Old Mutual, South Africa's second-largest insurer by revenue, has grown its renewable energy business across the continent to a size where it's seeking to bring in investors, the people said, asking not to be identified as the talks are at an early stage. Other potential investors could include Norway's Norfund, one of the people said.South Africans need to be in the know if we want to create a prosperous future.
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