PME African Infrastructure Opps has agreed a further extension of an option to sell assets valued at US$4.3m
June 2017 — PME African Infrastructure Opportunities plc has agreed an extension of a put option via its wholly owned subsidiary PME Locomotives (Mauritius) Limited, to require Sheltam (Mauritus) Limited to purchase any one more of the three C30 locomotives still owned by PME Locomotives. The option was exercised by PME Locomotives on 2 February 2017 with a US$4.25 million settlement.
PME African Infrastructure Opportunities plc (LSE:PMEA), based in the UK, is an investor in infrastructure projects across sub-Saharan Africa, listed on the AIM Market of the London Stock Exchange.
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, acted as Nominated Advisor (Nomad) to PME African Infrastructure Opportunities in this transaction and on an ongoing basis.
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