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Invictus walks away from US$500m Qatar funding deal

Invictus Energy has ended talks with Al Mansour Holdings after failing to agree a deal that would have seen the wealthy Qatari fund take an equity stake and fund gas exploration. Under the original deal, Al Mansour was to buy a 19.9% stake in Invictus for US$24.5 million, at a premium to market, and provide up to US$500 million in follow-on funding to advance the Mukuyu gas discovery to commercial production. The Qatari fund was also set to take a board seat. Al Mansour Holdings is backed by Sheikh Mansour bin...
Staff Reporter -
Business

Invictus walks away from US$500m Qatar funding deal

Staff Reporter - 0
Invictus Energy has ended talks with Al Mansour Holdings after failing to agree a deal that would have seen the wealthy Qatari fund take...
Business

CSC seeks post rescue turnaround specialist

Staff Reporter - 0
The Cold Storage Company, once Zimbabwe’s biggest meat producer, is seeking a turnaround specialist to spearhead a high-priority recovery programme to revive the company. The...

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