SUBSIDIARY NAME
SURF RIDGE HOLDING (PTY) LTD
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
APR 14, 2022
ACQUISITION VALUATION
500 MILLION USD
TOTAL ASSET VALUATION
5 BILLION USD
ENERGY-OIL-REFINERY-GAS
SURF RIDGE HOLDING (PTY) LTD: IIB-DG acquires Surf Ridge Holding (PTY) LTD on APR 14. 2O22 Convinced of the importance of investment with a knock-on effect on the economy of the country and the creation of employment. Considering the IIB-DG is a company located in Washington DC, United States of America, which has significant development resources (technical, physical, financial, and management capacity) and wishes to participate in the design, financing, construction, and execution of the project. Considering that the owner and IIB Development Group, LLC are ready to cooperate and wish to jointly pursue, in the form and manner agreed upon in the final agreement,the execution and financing of the project.