Ghana: Genser energy buys back Oppenheimer partners' stake as investor exits after five years
Genser Energy bought back the entire stake held by Oppenheimer Partners, completing the investment firm's exit after five years and marking a new phase in the Ghanaian energy company's regional expansion. Oppenheimer Partners first invested in Genser Energy as a preferred shareholder in 2021 before converting its holding into common equity in 2023, when it acquired a 40.4% stake. The latest transaction concludes that investment and returns the shares to Genser Energy.
Genser Energy was founded in 2006. Before Oppenheimer Partners' investment, the company had developed five operating power plants and a 325-km natural gas pipeline network. During the investment period, Genser expanded its infrastructure by adding about 110 km of natural gas pipeline, constructing a 200 million standard cubic feet per day gas conditioning plant in Prestea, and entering Côte d'Ivoire through cross-border electricity exports. Baafour Asiamah Adjei, the company's founder, president, and chief executive, said, "This transaction marks an important milestone for Genser Energy and reflects the strength of the business we have built over the past two decades." Chairman Nana Osae Nyampong said the buyback would enable the company to focus on its next phase of growth.
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Genser Energy, a prominent Ghanaian energy company, has completed a significant transaction involving the stake held by Oppenheimer Partners. This
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