ARIA Commodities’ institutional asset management arm has announced the completion of a reverse takeover (RTO) of Kibo Energy PLC (AIM: KIBO; AltX: KBO), the dual-listed energy development company.
The US$135 million transaction, conducted through ARIA’s institutional asset management division, will be executed via the issuance of approximately 966 million new Kibo shares, each valued at a deemed price of £0.104, following a proposed 1,600-to-1 share consolidation. The acquisition constitutes a significant RTO under AIM Rule 14 and marks a major shift in Kibo’s strategy towards industrial-scale global decarbonisation.
A Portfolio with Global Potential
Carbon Resilience, the renewable energy platform at the centre of the transaction, manages a diverse portfolio of eight strategically located sites across Queensland, Australia. Covering more than 900,000 hectares, the assets collectively offer a potential renewable generation capacity exceeding 14 gigawatts (GW). This portfolio positions the company to play a key role in advancing Australia’s transition to a cleaner and more resilient energy future while supporting Kibo’s global expansion strategy.
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.