Finance

South Africa: Ata Capital increases its shares in Acrux Sorting Technology to 33.3%

Wednesday, 02 June 2021 17:00
South Africa: Ata Capital increases its shares in Acrux Sorting Technology to 33.3%

(Ecofin Agency) - Investment fund manager Ata Capital is now a shareholder with a 33.3% stake in Acrux Sorting Technology (AST), a subsidiary of commodity mining specialist Acrux Resources.

Through its R473 million ($34.4 million) Ata Fund I vehicle, the South African investor has acquired additional shares in AST. The transaction between the two parties was announced on Tuesday, June 1.

“We are excited to partner with Acrux Resources again. This investment reflects our confidence in the value-adding potential of AST’s ground-breaking sensor-based sorting solutions and is entirely aligned with our goal of adding investment value through enabling transformational use of capital,” commented Lelo Rantloane, former CEO of Ata Capital. Ata Fund I, which seeks to generate long-term returns for its investors, identified Acrux as a high-value investment opportunity.

The Acrux team plans to use the funds to build and execute its sustainability program and improve its environmental management practices. This investment represents Ata’s first transaction since Mamedupi Matsipa (pictured) became Head of the Company in February. The former FirstRand Group and Goodwell Investments executive will continue the work of Lelo Rantloane, who has led the firm since its inception 10 years ago.

Chamberline Moko



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.