That's all right, ain't it?
'Proposed.'
What?!
'Proposed, boss.'
What?! Who proposed, Voice? Just be quiet if you can't make sense.
'I am making sense.'
Whatever.
We've got Lucky in the minute.
'Great! He'll make sense.'
Ha! Of course he will.
But we've got Estelle first ...
Please find attached the press release regarding the acquisition of Coriance by the consortium Vauban Infrastructure Partners and Caisse des Dépôts.
No proposed about it.
'It was in the title.'
Shut up!
The consortium formed by Vauban Infrastructure Partners (Vauban) (50.1%) and Caisse des Dépôts (CDC) (49.9%) has entered into exclusive negotiations with Igneo Infrastructure Partners for the acquisition of the entire share capital of Coriance.
Founded in 1998, Coriance builds, develops and operates urban heating and cooling networks supplied locally and predominantly by renewable energies (such as geothermal and biomass) and recovered energy to support local authorities and industries in their energy transition.
With a portfolio of over 40 networks in France, Coriance is the 3rd largest player on the French market. With a thermal production capacity of over 1.8 GW, the company supplies heat to the equivalent of around 225,000 homes in France.
Don't hesitate to contact me for any further information.
Best,
Estelle
Oh, we won't hesitate, Estelle, you can be sure of that. If we need any further information, like.
However, I reckon Lucky will be enough for us ...
Paris June 1st 2023 proposed proposed proposed acquisition of Coriance by the consortium comprising of Caisse des Dépôts! and Vauban Infrastructure Partners the consortium formed by Vauban Infrastructure Partners Vauban 50 1% and Caisse des Dépôts CDC 49 9% has entered! into exclusive negotiations with Igneo Infrastructure Partners for the acquisition of the entire share capital of Coriance founded in 1998 Coriance builds develops and operates urban heating and cooling networks supplied locally and predominantly by renewable energies such as geothermal and biomass and recovered energy to support local authorities and industries in their energy transition with a portfolio of over 40 networks in France Coriance is the 3rd largest player on the French market with a thermal production capacity of over 1 8 GW the company! supplies heat to the equivalent of around 225 000 homes in France heating and cooling networks are set for strong growth in the coming years in line with French and European public policy objectives and represent a powerful lever for local initiatives with a view to achieving carbon neutrality by 2050 as well as supplying locally produced energy at a stable and attractive price for users this acquisition project is fully! in line with the strategy of Vauban and CDC to invest on a long term basis in a priority sector for the energy transition and local authorities Coriance is a recognized partner of local authorities in their initiatives to decarbonize the energy consumption of buildings with a high level of performance in terms of reliability and safety in the in the way installations are operated! Coriance is the most!!! advanced player on the market in terms of renewable use and recovered energies which represent for almost 70 % of its energy mix! in 2022 backed by a dynamic management team and employees with recognized skills Coriance is an ideal platform for taking part in the strong growth expected in its sector by providing Coriance with long term shareholder stability and a strong local presence Vauban and CDC will accelerate the groups development in all its markets and support its ambitious investment program in response to the expectations of local authorities and Industry Eric! Lombard Chief! executive officer of CDC said for CDC investing in Coriance a major player in heating and cooling networks in France is fully in line with its strategic priorities accelerating ecological transformation supporting national energy sovereignty and strengthening social and territorial cohesion Gwenola Chambon et Mounir Corm founding partners of Vauban Infrastructure Partners commented Vauban Infrastructure Partners has always contributed to the major transformations of our territories and their economies campus plan France Très Haut Débit plan local mobility and parking recycling Investing in Coriance would be the French cornerstone of our commitment to heating networks as we were already! very involved in this sector on a European scale as well as in the USA we intend to provide Coriance with the resources it needs to fully play its role as a key player in Frances ambitious plan to decarbonize urban heating solutions this transaction is subject to the usual regulatory consultations and authorizations and in particular the completion of procedures for informing and consulting employee representative bodies as well! as the granting of authorizations from the relevant competition authorities about Vauban Infrastructure Partners Vauban Infrastructure Partners is a leading Infrastructure Asset Manager focused on core infrastructure investments headquartered in Paris with a subsidiary in Luxembourg it employs 68 professionals! working together for a decade Vauban is the fully fledged affiliate of Natixis Investment Managers dedicated to sustainable infrastructure equity investments Vauban targets predominantly European brownfield mid market assets pursuing a long term yield driven strategy matching the underlying nature of assets and long term commitment to all stakeholders interests through a strong focus on creating sustainable value Vauban has raised c €8 billion across 7 funds in core infrastructure from over 100 investors within 17 different countries and has invested in over 70 assets in mobility energy transition social & digital infrastructure across 14 different geographies about! Caisse des Dépôts Group Caisse des Dépôts and its subsidiaries form a public long term investor group serving the general! interest and economic development of local areas it combines five areas of expertise social policy pensions professional training disability old age health asset management monitoring subsidiaries and strategic shareholdings business financing with Bpifrance and Banque
Okay.
Nice one, Lucky!
'And it all made sense.'
Yeah.
ENDS
ENDS
ENDS
...
Anything else?
I was watching some David Goggins videos on YouTube at the weekend. Even he has trouble staying "snapped" off from the regular world. Every day is a struggle. Every day you've got to fight, man.
There is distraction everywhere.
That's the way they want it, I suppose.
I don't know.
What can you do???
'You can fight, Mikey!'
That's right, Voice.
That's all you can do.
Laters!
