PGGM and EDF Invest completed the acquisition of a 35% stake in the fiber business of Norlys.

PGGM, a cooperative pension fund service provider, and EDF Invest, the investment arm of EDF, completed the acquisition of a 35% stake in the fiber business of Norlys, an energy-telco group. Financial terms were not disclosed. "We are both glad and proud. When we started digging fiber some 15 years ago, not everyone could see the rationale. Now time has shown that it was a wise decision, but we are not resting on our laurels, and the new partnership aims to ensure that we can continue the positive development," Jens Erik Platz, Norlys Chairman.