Announced
Financials
Tags
Cross Border
offshore wind farm
United Kingdom
Infrastructure
Renewable Energy Equipment
Majority
Pending
Private Equity
Friendly
Acquisition
Private
Synopsis
AXA IM, an investment management company, and Crédit Agricole Assurances, a provider of life insurance and death protection services, agreed to acquire a 50% stake in Hornsea 2, an offshore wind farm in the UK, from Ørsted, a provider of utility services. Financial terms were not disclosed. “We’re delighted to partner with AXA IM Alts and Crédit Agricole Assurances, two world-leading financial institutions, which are committed to accelerate the transition to a carbon-neutral economy in line with the Paris Agreement – thereby supporting the urgently needed shift from fossil-based to renewable energy sources," Martin Neubert, Ørsted Chief Commercial Officer and Deputy CEO.
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