IFLR1000

Total acquisition of 23% indirect stake in Eren Renewable Energy

27/9/2017
Private acquisition
Select tab

Announced

27/9/2017

Overview:

  • Total has acquired a 23% indirect stake in Eren Renewable Energy.
  • The acquisition is made through a subscription to a €237.5 million capital increase.
  • In five years, Total will have the opportunity to control Eren Renewable Energy.
  • The target company, established in 2012, has an installation in operation with capacity of 650MW.

Katrin Kostadinova - Data analyst

Jurisdiction:

France

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

France

Industry sector:

Energy

Firms:
BDGS Associés

Party: Total (Acquirer)

Lawyers: Jean-Emmanuel Skovron, Marc Loy

White & Case

Party: Eren Renewable Energy (Target)

Lawyers: Guillaume Vallat, Thomas Le Vert

Related deals