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SUBSIDIARY NAME

THE CBM (COAL-BED METHANE)

COUNTRY

ZIMBABWE

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

ACQUISITION VALUATION

4.3 BILLION

TOTAL ASSET VALUATION

43 BILLION

ENERGY-OIL-REFINERY-GAS

THE CBM (COAL-BED METHANE): IIB-DG acquired THE CBM (COAL-BED METHANE) the purpose of project is to provide advantage to Zimbabwe’s economy and ensure cheap and affordable energy to the poor. Reposed program Utilize power as the immediate anchor market and expand into even larger market sectors. Envisioned expenditures include upstream and downstream costs, although they will be distinct projects.

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