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).
Infrastructure/PPP news in France
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.
The government of France has launched the tender involving the concession contract for the development of the RN 79 Centre-Europe Atlantic road PPP project.
Abertis has reached an agreement to acquire an additional stake from Predica in Holding d’Infraestructures de Transport (HIT), the company which controls 100% of Sanef, of at least 15% and up to 17%, depending on the preemption rights from remaining minority shareholders.
Taking advantage of the current market conditions with low interest rates, Ferrovial has priced a €500 million (US$540 million) 8-year senior bond. The issue was priced at 85 basis points over midswap, with a coupon of 1.375%.
SUEZ has announced that, together with Caisse de dépôt et placement du Québec, it has entered into a binding agreement to purchase GE Water & Process Technologies from General Electric Company for €3.2 billion (US$3.4 billion) enterprise value in an all‐cash transaction.
Landesbank Saar has announced it has provided financing for a French aquatics center.
The Government of Cantal, France, has selected NGE Concessions as preferred bidder for the Nord de Saint-Flour bypass on PPP scheme.
Ireland-France Subsea Cable Limited has announced a partnership with Tiger Infrastructure Partners to finance and construct IFC-1, a submarine fiber-optic cable system that will be the first and only direct subsea cable between Ireland and France.
Sanef, Abertis’ subsidiary in France, has reached an agreement with the French Government for the launching of a new investment plan for the upgrading of its road network.