EnergyWatch

A.P. Møller Capital and pension funds chase first acquisition in Africa

For a longer period, it appeared that A.P. Møller Capital and several Danish pension funds would acquire their first African energy company, but the plan flopped. Maersk's fund is now assessing a series of other projects.

Photo: /ritzau/Jens Dresling

The Maersk-led Africa Infrastructure Fund – managed by A.P. Møller Capital and in which a series of Danish pension funds injected capital since its inception in August 2017 – will need to look further for its first investment on the continent.

The plan to buy the listed Zambian utility Copperbelt Energy Corporation along with UK-state owned development finance institution CDC Group had to be terminated due to a string of unfulfilled criteria.

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