REFILE-Standard Chartered takes $57 mln stake in Copperbelt Energy

Tue Mar 11, 2014 6:00am EDT

Lusaka, March 11 (Reuters) - Standard Chartered's private equity arm has acquired around a quarter of Zambia's Copperbelt Energy Corporation Plc for $57 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.