STANLIB Asset Management acquires a majority interest in renewable energy solutions specialist Solareff and its subsidiary, GridCars

Johannesburg, 7 August 2023: STANLIB Asset Management, a leading South African investor in sustainable infrastructure, has today announced the acquisition of a controlling equity interest in Solareff, through its STANLIB Infrastructure Fund II. Closing of the transaction remains subject to obtaining the relevant regulatory approvals.

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STANLIB Infrastructure Fund II finalises acquisition of 60% equity stake in Upington Solar

STANLIB Infrastructure Fund II, which invests in a broad range of infrastructure-related investments, including renewable energy, digital infrastructure, transportation infrastructure and logistics, has concluded its acquisition of a majority stake in the 258 MW Upington Solar Power complex.

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