UK’s BII Hires Rothschild for Africa Power-Plant Review

British International Investment has hired Rothschild & Co. to review options for how to grow Globeleq, an operator of African power plants, according to people familiar with the matter.

The UK’s development finance institution, formerly known as CDC, owns 70% of Globeleq and is considering bringing in a new investor to join existing minority shareholder Norfund, the people said.