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.
Standard Bank’s strategic advisory role involved complex transaction structuring, shareholder engagement, and the establishment of a broad-based black economic empowerment shareholding structure.
In another highlight, Standard Bank partnered with The African Stove Company (TASC) to finance a carbon credit project.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
