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Investing.com -- French investment firm Ardian is buying Energia Group, one of Ireland’s largest energy utilities, in a deal valuing the Dublin-based company at more than €2.5 billion ($2.93 billion), according to a Financial Times report on Monday.
The acquisition marks a significant transaction in the European energy sector, with Ardian adding the Irish utility to its investment portfolio.
Energia Group, headquartered in Dublin, is among the largest energy utilities in Ireland, providing essential services across the country.
The Financial Times disclosed the deal details, noting the substantial valuation of the Irish energy company at over €2.5 billion.
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