The infrastructure operator Covage has signed a PPP contract with the Department of Hérault for the deployment and commercialisation of a fibre-optic network in the areas of the department, located in the Occitanie region in the south of France, not covered by private broadband operators.
Infrastructure/PPP news in France
Thau Maritima, a project company comprising the Investment and Development Fund for Public-Private Partnerships II (FIDEPPP2), which is managed by MIROVA and SUEZ Eau France, has secured financing for a project involving a wastewater treatment plant serving seven municipalities of the Sète Agglopôle Méditerranée (SAM) district, in the south of France.
The Land Degradation Neutrality Fund was officially launched at the thirteenth session of the Conference of the Parties (COP13) of the United Nations Convention to Combat Desertification (UNCCD), which took place in Ordos, China. The initiative is promoted by UNCCD and Mirova.
SCOR Investment Partners, the SCOR group’s portfolio management company, have announced the end of the deployment of €378 million (US$444.06 million) through the SCOR Infrastructure Loans II fund, and the launch of the third generation with the SCOR Infrastructure Loans III fund.
Ardian, announced it has signed an agreement for the sale of a €1 billion portfolio of assets after a competitive auction. The Investors involved are APG and AXA, both existing shareholders of the portfolio since 2006. Ardian will remain the asset manager and advisor of the portfolio.
Marguerite has announced the sale of a portfolio of renewable and concession-based assets by the Marguerite Fund to Pantheon.
Arcour, a VINCI Autoroutes subsidiary, has finalized the refinancing of its credit facilities granted in 2008 by a pool of commercial banks.
Abertis issues bonds from its French subsidiary for a total amount of €1,000Mn and keeps reducing its financial costs
Abertis has closed a new liability management deal with two new bond issuances of its subsidiary in France, HIT, amounting to a total of €1,000 million (US$117,35 million). The new issuances have a maturity of 5 years; €500 million (US$586,78 million) maturing in March 2023 and 10 years €500 million maturing in November 2027.
Caisse des Dépôts Group and the European Investment Bank (EIB) signed a contract with the Community of Universities and Establishments (ComUE) to jointly finance the development, construction and rehabilitation of the operation Montpellier Campus for a global amount of €183 million (US$212.8 million).
The French Government has stopped the construction works for the western Strasbourg bypass due to environmental issues.
Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens’ mobility business including its rail traction drives business with Alstom.
Macquarie Atlas Roads (MQA) has announced that it will exercise a pre-emptive right to acquire an additional 4.86% indirect interest in APRR for €440 million (US$527 million).
A French consortium have reached financial close on France’s Grand Est broadband PPP, the country’s largest broadband project.
DIF Core Infrastructure Fund I (DIF CIF I) and Infravia have announced that they have reached an agreement on the sale of Infravia’s 55% stake in the French fiber company ADTIM.
Omnes Capital has announced the final closing of its Capenergie 3 fund for a total amount of €245 million (US$280 million). The third-generation fund, dedicated to European renewable energy infrastructure investments, has exceeded its target size of €200 million (US$228 million).
Quaero Capital’s Quaero European Infrastructure Fund has acquired 100% of Frasie from a fund managed by InfraVia Capital Partners.
The French Ministry of Defence has announced that it has achieved refinancing closure of the defence department's new building.
3i Group has announced the first close of the 3i European Operational Projects Fund, with €155 million (US$169 million) raised from a number of European investors, including a commitment of €40m from 3i.
Alkion Terminals and LBC Tank Terminals have announced the signing of an agreement in which Alkion will acquire the 50% shareholding in LBC Sogestrol and the full ownership of 4 tank terminals in France (Bayonne, Le Havre, Marseille, Nantes), 2 tank terminals in Spain (Cartagena, Santander) and 1 tank terminal in Portugal (Lisbon).
Abertis has reached an agreement to acquire from CNP an additional stake of 5.1% in Holding d’Infraestructures de Transport (HIT), the company which controls 100% of Sanef. This transaction will imply a cash out for Abertis of €238 million (US$259 million). In this way, Abertis will reach, at the closing of the last agreements announced, up to 100% stake in its French subsidiary.