Caisse des Depots et Consignations and CNP Assurances have reached an agreement with Electricite de France to acquire a 49.9% stake in power transmission company Reseau de Transport d'Electricite (RTE).

Financial institution Caisse des Depots et Consignations will acquire a 29.9% stake, whereas personal insurance company CNP Assurances will acquire 20% stake.

The purchase consideration for the acquisition is approximately €4.09bn ($4.35bn), which puts the full value of the target company at approximately $8.71bn.

Solar International Group has completed the acquisition of Spanish photovoltaic panels and systems maker Tamesol Desa with the aim of positioning itself as a reference for the renewable energy sector.

Just Energy Group has acquired a 95% stake in German natural gas and power utility db swdirekt, which will enable the acquiring company to access the continental European energy market.

The purchase consideration for the deal is €3.35m ($3.54m) in addition to €1.6m ($1.69m) payment upon achieving sales targets and an earn-out of 5% of cumulative positive earnings before tax, depreciation, and amortisation (EBITDA) in each fiscal year subject to a maximum of €25m ($26.39m).

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By GlobalData

Beijing Forever Technology Co has reached an agreement with an electric power company based in Guizhou to acquire 40 million shares representing a 5.2% stake.

The purchase consideration for the acquisition is CNY52.5m ($7.6m).

The acquiring company is a software and technical services and hardware sales provider based in China.