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Announced

Compagnie Nationale à Portefeuille and Ricci family to acquire AKKA for $237m.

Synopsis

Compagnie Nationale à Portefeuille, an investment firm, and Ricci family agreed to acquire a 60% stake in Akka Technologies, a provider of high-technology engineering consulting services, for $237m. Compagnie Nationale à Portefeuille will pay $178m and Ricci family $59m. “We are pleased to invest alongside the Ricci family group in AKKA, a major player in the engineering and digital sector in Europe that has demonstrated strong financial performance over the cycles. We share and wish to support the strategic vision of AKKA and its management, and are convinced that CNP Group has the necessary assets to support AKKA’s operational and financial development to continue the work undertaken by AKKA and its shareholders for more than 35 years," Xavier Le Clef, CNP CEO.

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