Standard Chartered, the London-based bank focused on emerging markets, and Lusaka-listed Copperbelt Energy made the announcement in a joint statement on Tuesday.
(Reporting by Chris Mfula, writing by David Dolan; Editing by Ed Stoddard)
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Lusaka (Reuters) - Standard Chartered's private equity arm has acquired around a quarter of Zambia's Copperbelt Energy Corporation Plc for $57 million (£34.27 million), its first such investment in the growing African power industry.
Standard Chartered, the London-based bank focused on emerging markets, and Lusaka-listed Copperbelt Energy made the announcement in a joint statement on Tuesday.
(Reporting by Chris Mfula, writing by David Dolan; Editing by Ed Stoddard)
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