Reported about 13 hours ago
Ardian SAS is on the verge of acquiring French renewable energy firm Akuo Energy SAS for around €1 billion, according to sources. The transaction is nearing finalization and could value Akuo at up to €2.3 billion including debt. While discussions are advanced, there is a possibility of delays or the talks falling through. Akuo, which focuses on solar and wind energy, is seeking funds to accelerate its projects in Europe and the US amid rising costs and supply chain issues in the clean energy sector.
Source: YAHOO