Acquiring Company
MA'AM Energy Limited
Acquired Company
Geregu Power Plc
AssamAssamEnergyOil And GasRenewable EnergyDescription
MA'AM Energy Limited has acquired a controlling interest in Geregu Power Plc through a $750 million debt-financed takeover. The acquisition gives MA'AM Energy 77 percent ownership of Geregu's issued share capital. This strategic takeover was facilitated by a consortium of banks and aims to enhance Geregu's operations amidst current financial difficulties. The acquisition marks a significant shift in control within the Nigerian energy sector.
M&A Insights
Based on deal dataFrequently asked
Who acquired Geregu Power Plc?
Geregu Power Plc was acquired by MA'AM Energy Limited, based in Assam. The deal was reported on August 9, 2026. MA'AM Energy Limited has recently acquired a significant equity stake in Amperion Power Distribution Company Limited. The company is now the new controlling shareholder of the majority stakeholder in Geregu Power Plc. MA'AM Energy Limited is privately held and operates in Energy.
When did MA'AM Energy Limited acquire Geregu Power Plc?
MA'AM Energy Limited's acquisition of Geregu Power Plc was reported on August 9, 2026. MA'AM Energy Limited has acquired a controlling interest in Geregu Power Plc through a $750 million debt-financed takeover. The acquisition gives MA'AM Energy 77 percent ownership of Geregu's issued share capital. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Geregu Power Plc do?
Geregu Power Plc is one of the most capitalised and profitable companies on the Nigerian Exchange. It engages in the generation and supply of electricity. The company has maintained significant shareholder value and consistent dividend payments. It is privately held, and is based in Assam.