China Southern Power Grid buys 25.48% stake in European utility

The transaction is worth €400m, reports said.

China Southern Power Grid (CSG) bought a 25.48% minority stake in European utility company Encevo S.A., private investment firm Ardian revealed. Reports from The Paper said the deal is worth €400m.

According to Ardian's official announcement, Luxembourg-based Encevo operates in several different energy business fields through its two subsidiaries, Creos and Enovos Luxembourg. Creos manages electricity and gas grids whilst Enovos Luxembourg is responsible for the sale of energy to its clients in Luxembourg and Germany.

The company also holds interests in energy production assets, most notably in the renewable energy sector (wind, biogas, solar, and hydro).

Since Ardian’s investment in 2012, Encevo has implemented a €1b investment programme, which covers renewables and energy services in Luxembourg and Germany. Looking ahead, Encevo is interested in industrial partnerships, such as with CSG.

Also Read

What is the future of gas in Australia's energy market?

Vietnam’s weak grid a barrier to direct power purchase policy

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit