Rostra AG Buys 100% of COMAN for Up to $20M, Funds Deal With $20M Loan
Rostra AG acquires 100% of COMAN, which holds 15% of Sicohydro, for up to $20M. Part of the price depends on dividends, and the deal is financed by a 9% loan.
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what happened
Rostra AG has acquired 100% of COMAN, a company that holds a 15% stake in Sicohydro. Sicohydro owns the 240 MW Busanga hydro plant in the Democratic Republic of the Congo. The total price is up to $20M. Of this, $10M is due at closing, while the second tranche depends on conditions.
The second $10M is payable only if COMAN receives at least $1.0M in Sicohydro distributions by 2046. As a result, the seller gets additional funds only if the asset actually pays out cash.
The purchase is financed by a loan of up to $20M at 9% per year, maturing in 2031 with an option to extend to 2036. If the debt is unpaid at maturity, the lender can take the COMAN stake.
why it matters
The deal is at an early stage and gives indirect minority exposure to the cash flows of a hydro asset. Regular Sicohydro dividends would trigger the deferred payment and confirm the asset's cash generation, while the 9% financing cost will weigh on Rostra AG's cash flow. Information is based on the press release from Rostra AG, distributed by pressetext.
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sources
- Rostra AG Buys 100% of COMAN; $20M Loan at 9% — Newsmetry API, 14 October 2026 at 21:45 UTC
- Rostra AG Buys 100% of COMAN; Takes Up to $20M Loan — Newsmetry API, 14 October 2026 at 21:45 UTC
- Rostra AG Secures Up To $20M Related-Party Loan At 9% — Newsmetry API, 14 October 2026 at 21:50 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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