Actis Energy Buys Shares In Cameroon’s Electricity Company AES-Sonel

YAOUNDE, Cameroon–British power company Actis Energy agreed Friday to buy a 56% share of Cameroon’s National Electricity Corp. Sonel, which has been held for over a decade by U.S. energy giant AES Corp. According to the transaction, Actis Energy is paying $220 million to Cameroon for the 56% share of electricity generating and distributing company,…