EFG Hermes, an Arabian investment bank, has announced that its private equity arm has signed a US$ 208 million transaction to acquire a 49% equity shareholding and outstanding shareholders loans in EDPR France.
EDPR France has a portfolio of 33 operational wind farms with a combined gross capacity of 334MW. The company is a subsidiary of EDP Renewables (EDPR). Under the terms of the agreement, EFG Hermes’s private equity arm will manage the investment vehicle, while EDPR France will retain operational control over the acquired assets.
