CDPQ supports KKR's stake acquisition in Albioma

Global investment group CDPQ has provided part of the EUR 485 million (US$500.58 million) acquisition financing to support the friendly tender offer launched by KKR & Co. to acquire 100% of French independent renewable energy producer, Albioma. 

Albioma SA operates over 1 GW of installed capacity around the world, through thermal, solar, and geothermal power assets, mainly in French metropolitan and overseas territories. 

CDPQ is the main lender in the transaction, alongside other commercial lenders and banks. In August 2022, Albioma and KKR signed an agreement for the acquisition of the majority stake in Albioma’s capital.