SUBSIDIARY NAME
TFS/IIB-SPV (PTY) LTD
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
AUGUST 20TH 2021
ACQUISITION VALUATION
$2.3 BILLION USD
TOTAL ASSET VALUATION
23 BILLION USD
ENERGY-OIL-REFINERY-GAS
TFS/IIB-SPV (PTY) LTD: IIB-DG acquired TFS/IIB-SPV (PTY) Ltd for the purpose of Development, construction, and infrastructure for a MgSi Plant, Ingot, Wafer, Cell and PV Module Manufacturing Plant, Low Iron Tempered Glass Plant. Development, construction, and infrastructure for a 100MW Solar Farm and a 100MW Vanadium Redox Flow Battery Plant; with the specific intent of addressing Job Creation, Poverty Alleviation and Economic Development in the Region.