Helios completes sale of 25% of Axxela to Sojitz

31 Mar 2022

Helios Investment Partners (“Helios”) and Sojitz Corporation (“Sojitz”), one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, announce the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest private sector gas distributor in Nigeria, to Sojitz. Helios retains a 75% interest in the company.

This transaction marks Sojitz’s first significant equity investment in Africa, indicating its growth ambitions on the continent and serving as a blueprint for future collaboration in Africa between Helios and Sojitz across a range of sectors. As like-minded shareholders, Helios and Sojitz expect to accelerate further growth of Axxela’s business by leveraging Sojitz's expertise in developing gas and power infrastructure projects and providing lower-carbon energy solutions to industrial customers globally.

« Back to Member News

@idriselba LIVE on #IFCExchange: "Phone's become [people's] lifelines [...] If creativity can be right in the hands… https://t.co/j6x4SU5zdd

@idriselba LIVE on #IFCExchange: "One of the key things about helping people is not giving #charity, but giving sy… https://t.co/HzonD9TB19

RT @SonghaiAdvisory: Excellent report by @AVCA_Africa on #Africa's private capital ecosystem. The continent raised USD4.4bn last yr, 4 time…

RT @tolushola: Recent data from the @AVCA_Africa show that African start-ups attracted a record $5.2 billion in venture capital last year,…

@BritishIntInv & @Citi agree US$100mn risk-sharing facility, to unlock supply chain finance for #Africanbusinesseshttps://t.co/XVMYGDVmiH