Global legal practice, Norton Rose Fulbright has advised Masawara Plc on the sale of its 51% interest in Masawara Energy (Mauritius) Limited (MEM) to Woble Investments (Private) Limited. The consideration for the sale was US$24.888 million.

Woble Investments is an indigenous Zimbabwean entity. MEM is a joint venture vehicle established in 2011 between Masawara and Alveir Management Limited to acquire the downstream petroleum assets of Shell and BP in Zimbabwe.

The Norton Rose Fulbright team was led by corporate partner, Bayo Odubeko supported by associates Matthew Watkins, Nari Armaly and Dawen Gao.

http://www.nortonrosefulbright.com/uk/news/101663/norton-rose-fulbright…