Rostra AG Acquires COMAN for Up to $20M, Takes Loan
Rostra AG acquired all of COMAN, which holds a 15% stake in Sicohydro, owner of the 240 MW Busanga plant. The purchase price is up to $20M in two tranches; financing is a loan of up to $20M at 9% per year, maturing in 2031 and extendable to 2036, with lender recourse to the COMAN stake.
Story updates
09:46:29 PM UTC
SquawkNews
Rostra AG bought 100% of COMAN, which owns 15% of Sicohydro, for up to $20M, and arranged up to $20M financing at 9% p.a. The second $10M tranche is contingent on COMAN first receiving at least $1.0M in Sicohydro distributions by 2046.Material DetailsContext by AI AnalystThis is an early-stage stra…
09:51:21 PM UTC
SquawkNews
Rostra AG signed a loan with RH Investments Pte Ltd. for up to $20M at 9% p.a., maturing Oct 31, 2031, extendable to 2036. Payments are only from proceeds of Rostra’s Congo Management stake; if unpaid at term, Rostra may transfer that stake to settle the debt.Material DetailsContext by AI AnalystTh…
Rostra AG acquired 100% of COMAN, which holds 15% of Sicohydro, the owner of the 240 MW Busanga plant. The purchase price is up to $20M, payable in two tranches. , maturing 2031 and extendable to 2036. The lender has recourse to the COMAN stake.