Direct Energie raises €130m in block trade for M&A taking it into renewables
Direct Energie, the French gas power stations group, raised €130m of new capital on Tuesday evening in a block trade, to finance its acquisition of renewable energy group Quadran for an initial €303m.
BNP Paribas was bookrunner, with Crédit Mutuel-CIC as co-lead manager.
A €100m capital raising had been flagged on June 15, when Direct Energie said it was in exclusive talks with Lucia Holding to buy 100% of Quadran, one of France’s main renewable energy producers, with activities in onshore
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