https://newsletter.en.creamermedia.com
Africa|Building|Energy|Financial|Resources|Sustainable
Africa|Building|Energy|Financial|Resources|Sustainable
africa|building|energy|financial|resources|sustainable

Building a stronger future, Aurex Constructors, RMB Ventures and Bopa Moruo join forces in a strategic partnership

9th June 2023

     

Font size: - +

This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.

Aurex Constructors (Aurex) is pleased to announce that after several months of engagement, the merger with RMB Ventures and Bopa Moruo was successfully concluded on 7th June 2023.

Through its strategic equity partnership with RMB Ventures and Bopa Moruo, Aurex has strengthened its company B-BBEE position, with 51% black ownership. The partnership allows Aurex to leverage the extensive networks and expertise of RMB Ventures and Bopa Moruo, increasing its market reach in South Africa, and into international markets.

Furthermore, the partnership grants Aurex access to additional financial resources and growth opportunities, empowering the company to broaden its capabilities and achieve new levels of success.

Says Stuart Kent, CEO of Aurex: “As strategic shareholders, the RMB Ventures and Bopa Moruo consortium will provide greater depth to the equity structure of our Aurex group of companies. This will lead to a more diverse contribution at Board level, providing additional strategic input to our company and bolstering our reputation and credibility. The strategic equity partnership among the 3 companies will bring significant advantages to all, enabling us to leverage our respective strengths and achieve greater success in the sustainable energy industry.”

“RMB Ventures and Bopa Moruo are proud and excited to partner with the Aurex group of companies as one of the leading groups in the energy industry,” adds Sherwin Jagarnath, senior transactor at RMB Ventures. “The new partnership will result in the unlocking of new opportunities for Aurex and enable the company to reach its full potential.”

Concludes Nthime Khoele, co-Managing Partner at Bopa Moruo: “The investment in Aurex not only offers attractive investment features, but also an ability to partner with an experienced management team.”

Edited by Creamer Media Reporter

Comments

Research Reports

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.477 0.565s - 193pq - 2rq
Subscribe Now