Standard Bank backs BlueCore Gas InfraCo with $285m structured acquisition funding solution

Financial services provider Standard Bank has reported that it has delivered a comprehensive $285-million debt and equity financing solution, which it says will “alter the landscape” of Nigerian energy. The company, in a media release, explains that the recently completed transaction enables BlueCore Gas InfraCo to acquire 100% shareholding in Glover Gas & Power, the owner of Axxela, a player in Nigeria’s natural gas sector.