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.
Infrastructure/PPP news in France
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.
Abertis has decided to exercise its preferential acquisition rights for the Caisse des Dépôts et Consignations’ stake in Holding d’Infrastructures de Transports which controls 100% of Sanef.
Edmond de Rothschild Asset Management has completed a first close of its second vehicle, the Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) fund.
French civil service pension fund ERAFP has committed €350 million (US$368.4 million) to Ardian France and Access Capital Partners for infrastructure and private equity funds of funds, respectively.
SNC-Lavalin has announced that it has signed and closed an agreement to sell its ongoing activities in France and in Monaco to Ciclad and Impact Holding for a nominal amount, including its investment in Société d’Exploitation de l’Aéroport de Mayotte.
Antin Infrastructure Partners announces having entered into a binding agreement with American Tower Corporation and PGGM (ATC Europe) for the sale of FPS Towers for €697 million (US$732 million).
InfraVia has announed the acquisition by InfraVia European Fund III of Ocea Smart Building (OSB) from SUEZ.
Eiffage has finalised with a subsidiary of la Compagnie Financière du Lion (CFL), the sell of 100% of Eiffigen, the company dedicated to the PPP relating to the headquarter of the Gendarmerie Nationale.
The European Commission and the European Investment Bank (EIB) have announce today their plans to launch a fund for broadband infrastructure – the Connecting Europe Broadband Fund.
La Banque Postale Asset Management (LBPAM), a French fund management company, has announced it has raised €813 million (US$846 million) for real-asset funds.
Antin Infrastructure Partners, an independent infrastructure investment firm, has announced that it has closed its third fund at the hard cap, raising €3.6 billion in less than five months.
The project company "Nord Pas de Calais", has signed the concession contract for the "Très Haut Débit" (THD) optic fibre network PPP project in France.
The consortium formed by VINCI Construction France and Dif Infra 3 PPP has signed the contract to design, build, finance operate and maintain (DBFOM) La Cotinière port project under PPP scheme. The project is located in the region of Saint-Pierre d'Oléron, France.
InfraRed Capital Partners, acting on behalf of InfraRed Infrastructure Fund III, has sold its 42% stake in Atlandes, the concession-holder of the A63 motorway in South-West France, to a consortium comprising AXA Investment Managers - Real Assets, acting on behalf of AXA Insurance Companies, and Crédit Agricole Assurances.