EDF: takes 49% stake in Cote d'Ivoire's Conergies
(CercleFinance.com) - To accelerate its development in Africa, EDF has announced the acquisition of 49% of the Ivorian group Conergies' capital, which is presented as the West African leader in climate engineering, refrigeration and solar solutions.
The financial terms of the deal were not specified.
Indeed, in accordance with its initial commitment and after six years, the Investors & Partners (I&P) fund has withdrawn from Conergies' capital.
Conergies is presented as one of the "leaders of integrated energy efficiency solutions in West Africa, with more than 130 projects implemented in Côte d'Ivoire, Mali, Senegal, Burkina Faso, Benin, Guinea and Guinea-Bissau," through subsidiaries such as RICA Services in Mali and ARIC in Côte d'Ivoire. The "new" Conergies intends to triple its business activities in West Africa and "progressively" expand to other markets of this continent.
"This strategic partnership with EDF and its specialised subsidiary DALKIA FROID SOLUTIONS, will enable us to increase the portfolio of high energy efficiency solutions that can be offered to our customers in West and Central Africa," commented the Conergies' CEO, Mamadou Sanankoua.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The financial terms of the deal were not specified.
Indeed, in accordance with its initial commitment and after six years, the Investors & Partners (I&P) fund has withdrawn from Conergies' capital.
Conergies is presented as one of the "leaders of integrated energy efficiency solutions in West Africa, with more than 130 projects implemented in Côte d'Ivoire, Mali, Senegal, Burkina Faso, Benin, Guinea and Guinea-Bissau," through subsidiaries such as RICA Services in Mali and ARIC in Côte d'Ivoire. The "new" Conergies intends to triple its business activities in West Africa and "progressively" expand to other markets of this continent.
"This strategic partnership with EDF and its specialised subsidiary DALKIA FROID SOLUTIONS, will enable us to increase the portfolio of high energy efficiency solutions that can be offered to our customers in West and Central Africa," commented the Conergies' CEO, Mamadou Sanankoua.
Copyright (c) 2019 CercleFinance.com. All rights reserved.