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July 28, 2016

M&As this week: Caisse des Depots et Consignations, Endesa Generacion, Enel, and Optinergy

Caisse des Depots et Consignations has announced its intention to acquire Electricite de France's (EDF) 49.9% stake in Reseau de Transport d'Electricite (RTE), an operator of 100,000km high-voltage network in France.

Caisse des Depots et Consignations has announced its intention to acquire Electricite de France's (EDF) 49.9% stake in Reseau de Transport d'Electricite (RTE), an operator of 100,000km high-voltage network in France.

The proceeds are intended to be used by EDF to fund its nuclear power projects in Hungary, the UK, and France.

Endesa Generacion has completed the acquisition of the remaining 60% stake in Enel Green Power Espana (EGPE) from Enel Green Power International for €1.207bn ($1.327bn).

EGPE operates approximately 1.7GW of power generation facilities both directly and through its subsidiaries.

Enel has reached an agreement with Cassa Depositi e Prestiti and F2i SGR for the acquisition of their stakes in Metroweb for  €714m ($785.26m).

EOFCassa Depositi e Prestiti has a 46% stake, whereas F2i SGR holds the remaining.

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Optinergy has completed the acquisition of Lotus Energy Systems from LotusWorks, as part of its larger €650m ($713.14m) pipeline investment programme.

The expanded operation is expected to generate 50 jobs and approximately €5m ($5.5m) in revenue to Ireland over the next five years. It will also leverage Optinergy’s position as an independent service provider in the Irish wind market.

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