M&A Roundup: Andarko, Seriti Resources and Alviva move into Africa.

Also: Barrick Gold received an extension on Acacia buyout offer and Naspers Foundry invests in SweepSouth.

US energy firm Anadarko plans to invest $25 billion (R362 billion) in developing gas reserves off the northern coast of Mozambique, the Mozambican government said on Tuesday.

The government hailed Anadarko’s plans “largest foreign investment” in the country’s history.

Read more: Andarko plans to invest %25 billion in developing Mozambique’s gas reserve

Barrick Gold has received an extension until from the UK takeover panel until 9 July to consider making a formal offer to buy out the minority shareholders of its African unit Acacia Mining.

Read more: Barrick Gold gets extension to make Acacia a buyout offer

Naspers Foundry says it will invest R30 million in South African tech start-up SweepSouth, an online cleaning service that connects clients with domestic cleaners.

Read more: Naspers to invest R30 million in SweepSouth

Seriti Resources and a consortium backed by global energy trader Mercuria are among up to six groups to have submitted final bids for the SA coal assets of South32 after Exxaro Resources backed consortium dropped out of the race due to competition issues.  

Read more: Six groups said to have submitted final bids for South32 assets 

Alviva has reached an agreement to acquire 70 percent of Synerg South Africa for up to R108 million.

The deal, which is expected to be effective from July 1, 2019, is being done through its subsidiary DCT Holdings.

Alviva will also be acquiring 51 percent of Synerg Group’s UAE and UK divisions respectively through its subsidiary Alviva International Investments

Read more: Alviva to acquire Synerg Group