KEYFACT Energy
Chariot, the Africa focused energy company, announces that it has disposed of its water business as it focuses on its core interests within the Power division in electricity trading and generation projects across southern Africa.
The water business primarily held the proof-of-concept desalination project in Djibouti. The business was held through Chariot's stake in a subsidiary, Oasis Water Platform, which has now been sold to AquaNexus Holding.
Sale consideration of US$435,000 in cash has been received and will be used for general corporate purposes.
KeyFacts Energy: Acquisitions & Mergers news