ENGIE and Crédit Agricole to acquire a 97.33% stake in Eolia Renovables from AIMCo for $2.3bn.

ENGIE, a French multinational utility company, and Crédit Agricole, a French international banking group, agreed to acquire a 97.33% stake in Eolia Renovables, one of the largest renewable power producers in Spain, from AIMCo, a Canadian institutional investment manager, for $2.3bn. "This acquisition of Eolia Renovables, one of the largest renewable players in Spain, is fully in line with our strategy which is to accelerate our investments in Renewables in our key markets while bringing our industrial and energy management expertise. The transaction will also allow the Group to support Spain in reaching its ambitious renewables and decarbonization goals," Catherine MacGregor, ENGIE CEO.