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).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy 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.