Altrad Investment Authority S.A.S. agreed to acquire ENDEL SAS from ENGIE SA (ENXTPA:ENGI) on September 7, 2021. Endel, which employs 5,200 people, achieved a turnover of around €550 million in 2020. After consultation with employee representative bodies and subject to the approval of regulatory authorities and the usual conditions precedent, completion is expected in 2022.

Guillaume Rembry, Kévin Peau, Guillaume Exerjean and Tatiana Maroslavac of Eight Advisory Avocats acted as legal advisor and Vendor Due Diligence tax to ENGIE. Christophe Eck, Victor Grandguillaume, Edouard Bourguet, Foulques de Rostolan, Elizabeth Gautier, Jean-François Levraud, Antoine Mary, Jean-Nicolas Clément, Bénédicte Mazel and Charles-Eric Delamare Deboutteville of Gide Loyrette Nouel A.A.R.P.I. acted as legal advisors to ENGIE SA. Greenhill & Co., LLC acted as legal advisor to Altrad Investment Authority S.A.S.