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Announced

Meridiam and Casino to create a charging infrastructure joint venture.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

electric vehicle charging

Friendly

Pending

Alternative Electricity

Energy / Utility Services

France

Joint Venture

Auto Services

Private

Synopsis

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Meridiam, a global investor and asset manager, and Casino Group, a French mass-market retail company, agreed to create a charging infrastructure joint venture. "This partnership with Groupe Casino is a concrete illustration of our commitment to the energy transition. By massively developing the essential charging infrastructures for electric vehicles, we are contributing to the deployment of clean mobility in France. This project is also part of Meridiam's more global ambition on a European scale to install by 2021, more than 300 ultra-fast charging sites across the continent," Thierry Déau, Meridiam CEO.

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