Singapore-headquartered Prime Group, an international investment platform specializing in resource development, has finalized a binding share purchase agreement to acquire a controlling stake in Germany’s Saxony Minerals & Exploration AG (SME AG). This EUR 150 million transaction, executed through its affiliate Prime Africa Trade PTE Ltd, marks Prime Group’s strategic entry into the European industrial sector, leveraging a stable OECD jurisdiction with significant critical mineral potential. The move underscores the company’s accelerated expansion strategy as it prepares for a targeted Singapore Exchange (SGX) listing in 2026.
The acquisition, spearheaded by Prime Group CEO Karim Bouhout, follows a period of substantial funding commitments for the company. These include a USD 100 million equity investment from Al Maktoum Finance, announced in late 2025, and a SGD 220 million Share Subscription Facility from GEM Global Yield LLC SCS. This latest investment demonstrates Prime Group’s proactive approach to deploying capital into tangible assets with clear development pathways, rather than simply holding unallocated funds.
SME AG, based in Halsbrücke, Saxony, controls valuable assets within a region renowned for its centuries-old mining history. Modern geological assessments underpin the robust technical foundation for future investment decisions, with SME AG holding a fully issued share capital of approximately EUR 5.22 million. The agreement facilitates the transfer of a controlling interest from existing shareholders, paving the way for Prime Group to achieve full operational control. Comprehensive technical and financial documentation, including detailed geological reports and a forward-looking business plan, will guide the company’s development under its new ownership. 
For market observers, the SME AG acquisition signals a deliberate diversification strategy ahead of Prime Group’s public market debut. This move into Germany represents a significant shift from the Group’s historical focus on African energy assets and its recent foray into Southeast Asia’s hydrocarbon sector. By integrating a European critical minerals pillar, Prime Group achieves crucial jurisdictional diversification into a market characterized by strong rule of law, established infrastructure, and deep integration with European industrial supply chains. This strategy also bolsters the company’s asset-backed valuation narrative, systematically building a portfolio of tangible, revenue-capable assets for its planned SGX listing.
Karim Bouhout, CEO of Prime Group, has consistently articulated the company’s vision of transforming strategic capital into sovereign-adjacent infrastructure and resource assets. The SME AG acquisition perfectly aligns with this philosophy, while simultaneously expanding the Group’s geographic footprint. A Prime Group spokesperson emphasized, “Our entry into Germany’s critical minerals sector reflects our commitment to identifying and developing high-quality resource platforms worldwide. Saxony’s geological heritage, combined with modern technical data and a clear development pathway, creates a compelling foundation for long-term value creation. This acquisition strengthens our institutional-grade portfolio as we progress toward our public market debut.”
This strategic investment not only diversifies Prime Group’s portfolio but also provides a clear roadmap for capital deployment, demonstrating a purposeful approach to growth. As Prime Group moves closer to its SGX listing, the integration of SME AG is expected to be a cornerstone asset, contributing significantly to the company’s global resource platform and its long-term value creation strategy.
