ATE to take majority stake in Dalkia

Amundi Transition Energétique (”ATE”), a management company owned jointly by Amundi and EDF, is to purchase via a majority stake in a portfolio of cogeneration plants owned by French company  Dalkia.

 This first investment by ATE which amounts to over €150m (partially financed by bank loans from Auxifip and Crédit Industriel et Commercial) involves 132 plants with a combined capacity of more than 330 MW producing electricity and heat for residential, industrial and public custome rs primarily via public service contracts.

International law firm Watson Farley & Williams (“WFW”) advised ATE on the transaction, headed up by WFW Partner Arnaud Félix.

Arnaud commented: “We are really pleased to have assisted ATE with their first investment in the energy infrastructure sector and in particular in cogeneration plants.  WFW Paris continues to be very active in the energy sector, especially these last few months with regard to cogeneration and heat networks.  All of which demonstrates our ability to advise leading energy industry players on all aspects of major deals whether corporate, regulatory, project contract, financial or tax related”.

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