Ardian to acquire a 26% stake in EWE for $1.3bn.

Ardian is set to acquire a 26% stake in EWE, an innovative service provider active in the business areas of energy, for $1.3bn. The closing of the transaction is subject to the approval of the German Federal Cartel Office, which is expected in the first quarter of 2020. "With Ardian, we will have a strategic growth partner with extensive experience in the pan-European infrastructure sector with thinking just as long-term, prudent and sustainable as ours. With its entrepreneurial approach to this path, Ardian is the strong partnership we have been looking for,” Stefan Dohler, EWE CEO. Ardian has enabled Talanx to participate in EWE as a co-investor.