DEALS | 29 MARCH 2019

Funding that makes
a shared future possible

Absa | Corporate and Investment Banking > Insights and Events > Funding that makes a shared future possible
SHARE
Facebook
Twitter

Funding partner to Heirs Holdings and Transcorp, for their USD 1.1 billion acquisition of OML 17.

We are proud to have showcased our continued support for the Natural Resources and Energy sector in Africa, in particular the Nigerian upstream sector, where Absa has an enviable track record in funding world class operators.

This transaction, which is the largest oil and gas M&A deal in Africa in recent times, will enhance economic development in Nigeria and strengthen Heirs Holdings and Transcorp's impact on local communities.

Some of the transactions we concluded in the oil and gas sector include:

  • Funding NLNG Train 7 in Nigeria
  • JV funding for SPDC, Eni, Total, NNPC and Chevron for various onshore and offshore assets in Nigeria
  • Support for Prime Oil & Gas via a RBL facility for its Nigerian offshore assets
  • Absa has also been active in funding the landmark Mozambique LNG transaction

“This landmark transaction showcases our continued support for the Natural Resources and Energy sector in Africa. It will enable further infrastructure development within the Niger Delta and create local employment” – Johan Koorts, Senior Banker, Absa CIB.

Contact Theuns Ehlers, Head of Resource and Project Finance to find out more

Related Articles

AWARDS

Absa CIB Recognised Among Africa’s Top Financial Innovators for 2025

We are proud to announce that the Absa Corporate and Investment Banking (CIB) Trade and Working Capital team has been recognised by Global Finance as one of Africa’s Top Financial Innovators for 2025.

COMMERCIAL PROPERTY INSIGHTS

Residential Property Report: Quantitative Analysis of an Emerging Asset Class

At Absa, we recognise that collaboration is key to driving progress. Our successful partnership with the South African Multifamily Residential Rental Association (SAMRRA) and Divercity Urban Property Group is at the forefront of a groundbreaking research project focused on South Africa's multifamily residential property asset class.

FINANCIAL INSTITUTIONS GROUP

Fintech

With our extensive expertise and deep footprint across Africa, we are uniquely positioned to support the dynamic needs of our clients in the ever- evolving fintech sector.