ARIA Commodities’ institutional asset management platform today announced a reverse takeover agreement involving Kibo Energy PLC (AIM: KIBO; AltX: KBO), the dual-listed energy developer.
The US$135 million acquisition, carried out in partnership with ARIA’s group asset management business, will be financed through the issue of around 966 million new Kibo shares at an implied price of £0.104 per share, following a proposed 1,600-to-1 share consolidation. The transaction qualifies as a reverse takeover under AIM Rule 14 and signals Kibo’s strategic realignment towards large-scale global renewable and decarbonisation initiatives.
A Portfolio with Global Potential
Carbon Resilience, an Australian renewable energy platform, currently oversees eight major renewable project sites across Queensland, covering an area of more than 900,000 hectares. Together, these assets represent a combined potential generation capacity in excess of 14GW. The acquisition provides Kibo Energy with access to one of the largest privately controlled renewable development portfolios in the southern hemisphere, reinforcing its commitment to sustainable growth and the global transition to clean energy.
The projects combine onshore wind, solar PV and battery energy storage systems (BESS) to deliver firm, dispatchable clean-power solutions supporting:
- National grid supply,
- Industrial electrification,
- Data-centre power resilience,
- Critical minerals processing,
- Green steel and low-carbon fuels production.
Unparalleled Green Electron Transition Opportunity
Matt Brittain, CIO at ARIA Commodities, commented:
“We’ve instituted a process which paves the way for realising significant value in what constitutes one of APAC’s largest green electron opportunities. Supported by a world class global and local development team, the transaction will afford the opportunity for institutions, industry participants and commercial end users, to participate in an almost peerless Power-2-X proposition.”
The proposed RTO is expected to re-admit Kibo to trading on AIM following shareholder approval and regulatory sign-off. Once completed, the enlarged group will partner with global blue chip partners to deliver a decarbonisation platform which includes sustainable aviation fuel, green steel and marine fuels.
