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British electric utility Bboxx buys solar supplier PEG Africa: statement

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DAKAR, Sept 6 (Reuters) – British energy company Bboxx has bought West African solar energy supplier PEG Africa, the company said on Tuesday.

This acquisition gives Bboxx access to new markets in Senegal, Ivory Coast, Ghana and Mali, bringing its total operating markets to 10 countries.

“After the acquisition, Bboxx will have over 250 stores and 4,000 employees, positively impacting the lives of 3.5 million people,” the statement said.

The agreement was closed on Tuesday and financial figures were not disclosed.

PEG Africa is one of the largest distributed energy providers in West Africa, with around 100 service centers and more than 500 employees across four countries, according to the statement.

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Reporting: Bate Felix. Author: Sofia Christensen. Editing: Estelle Chirbon.

Our standards: Thomson Reuters Trust Principles.

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