French investment firm Ardian SAS is making a significant move in the renewable energy market by agreeing to acquire renewable energy developer Akuo Energy SAS. This event promises notable changes for both companies and the sector as a whole.

French investment firm Ardian SAS is preparing to finalize a deal to acquire Akuo Energy SAS, a company focused on renewable energy. The acquisition is expected to be around 1 billion euros (approximately 1.1 billion dollars). Sources indicate that negotiations between Ardian and the primary shareholders of Akuo, its founders and Intermediate Capital Group, are in the final stages. An announcement regarding the deal could be made in the coming days. However, there are indications that the overall cost of Akuo Energy may reach 2.3 billion euros when factoring in the company’s debts.