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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.

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