Description of Activities

Description of transaction: The proposed transaction entails Maponya Energy Proprietary Limited (“Maponya Energy”) intending to acquire the majority of the issued share capital of Unisun Energy Proprietary Limited (“Unisun Energy”) from Enertronica Santerno SpA.     

Acquiring group: The primary acquiring undertaking is Maponya Energy. Maponya Energy is controlled by Elias Phatudi Maponya, a natural person. The Maponya Group is active in a broad range of industries, including property investment, health and fitness, energy, entertainment and gambling, and retail in South Africa. 

Target undertaking: The primary target undertaking is Unisun Energy, which is controlled by Enertronica Santerno SpA. Unisun Energy is an independent power producer in Namibia. It currently runs the operation of the Okatope Solar PV plant in the Oshikoto Region, which provides power exclusively to NamPower.  

Relevant market: The merging parties define the product market as the generation and sale of renewable energy, while the geographical market is defined as national, being within the boundaries of Namibia.    

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