Ardian Is Said to Near €1 Billion Deal for Renewable Firm Akuo.

Buyout firm Ardian SAS is nearing a deal to acquire French renewable firm Akuo Energy SAS for about €1 billion ($1.1 billion), people familiar with the matter said.

Ardian and the main owners of Akuo — its founders and Intermediate Capital Group — are finalizing details of a transaction, which could be announced in the coming days, the people said. A deal could value the renewable firm at as much as €2.3 billion including debt, one of the people said, asking not to be identified discussing confidential information.

In February, Caisse de Depot et Placement du Quebec agreed to buy Innergex Renewable Energy Inc. in an all-cash deal that values it at about C$10 billion ($7 billion) including debt. In the same month, Brookfield Asset Management inked a $1.7 billion deal for National Grid Plc’s US onshore renewable business even as US President Donald Trump vowed to curb the growth of clean electricity.

Source: FINANCE.YAHOO