M&As this week: Orange Polska, Falck Renewables, Assystem
Orange Polska plans to acquire Multimedia Polska Energia from Multimedia Polska for zl50m ($13.4m).
Orange Polska is engaged in telecommunications, while Multimedia Polska Energia is a power utility company.
Falck Renewables has agreed to acquire Vestavind Kraft from Norwegian power generation company Svelgen Kraft Holding for €2.2m ($2.5m), with an option to access an additional 125MW of wind projects in Norway to be developed by Svelgen Kraft.
The company intends to make the payment through existing financial resources plus a potential earn-out of approximately €3.8m ($4.33m).
Vestavind Kraft currently owns the Hennoy and Okla windpower plants in Norway that have combined capacity of 70MW.
Assystem has entered an agreement with Electricite de France (EDF) to acquire its 5% stake in New Areva, a wholly-owned subsidiary of Areva.
EDF is a state-owned integrated energy company. It will receive €125m ($135.97) as part of the acquisition.
The target company will combine AREVA Group’s activities with the nuclear installed base.