Averi Finance is negotiating a reverse takeover of South Africa’s Mantengu that would give the Dubai-based firm a Johannesburg listing.
650 million new Mantengu shares would be issued under the deal, with Averi injecting a portfolio spanning oil and gas, renewable energy and digital infrastructure.
66.7% of the combined group would be controlled by Averi after the transaction, leaving Mantengu shareholders with the remaining stake.
The structure offers Averi a route onto the Johannesburg Stock Exchange without pursuing a conventional initial public offering.
Beyond energy, is Averi using this deal to build Africa's next-gen digital and stablecoin financial infrastructure?
Is Averi's reverse takeover a fast track to growth or a risky gamble on a firm with past controversies?
With Dubai capital meeting African assets, what hidden tax hurdles could threaten this landmark Johannesburg listing?