Engie completes acquisition of LANGA and its renewable energy assets
The shareholders of LANGA has completed the sale to ENGIE Green France.
The LANGA group is present in solar, wind, biogas and biomass. LANGA is involved in the entire value chain of its projects, from development to construction and operation. Its portfolio of assets in operation is expected to reach 215 MW by the end of 2018, of which 165 MW in solar energy and 39 MW in wind energy. LANGA is also developing 1.3 GW of projects due to be completed by 2022.
Astris Finance served as exclusive financial advisor to the shareholders of Langa on the transaction. The competitive process, was concluded in 6 months from start to finish. It benefited from a thorough vendor due diligence exercise which encompassing over 600 solar and wind assets in development or operation.
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