Ardian sold its 18% stake in Spie Batignolles back to management.

Ardian sold its 18% stake in Spie Batignolles, a French construction, infrastructure and services firm, back to management. Financial terms were not disclosed. Alexis Lavaillote, Managing Director of Ardian Expansion, added: "We are pleased to have had the opportunity to work with Spie batignolles over the last five years. We have supported many of the projects put forward by its management and its talented teams focusing on external growth, international development and ESG. We are proud of the path we have trodden together and wish the company all the best in the future.”