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Direct Energie seeks 100m in block for Quadran renewables buy
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Direct Energie seeks 100m in block for Quadran renewables buy

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Direct Energie seeks 100m in block for Quadran renewables buy

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Direct Energie, the French gas power stations group, has launched on Tuesday evening a 100m capital increase as a block trade, to finance its acquisition of renewable energy group Quadran for an initial 303m.

BNB Paribas is bookrunner, with Credit Mutuel-CIC as co-lead manager.

The deal was flagged on June 15, when Direct Energie said it was in exclusive talks with Lucia Holding to buy 100% of Quadran.

Source: globalcapital

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Anand Gupta Editor - EQ Int'l Media Network
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