Standard Bank CIB played a pivotal role in several high-impact sustainable transactions across Africa in 2023, highlighting its commitment to innovation in green finance, infrastructure development and economic growth.
The bank acted as a joint financial adviser on Vitol Africa’s acquisition of Engen, a R37 billion ($2 billion) transaction that reunited the Engen brand across Africa. The deal, expected to create a pan-African energy champion, represented a significant investment in South Africa, while reinforcing Engen’s commitment to empowering disadvantaged South Africans.
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