ENGIE to Acquire BTE Renewables

Cleary Gottlieb is representing ENGIE in its acquisition of BTE Renewables from Actis and the related carve-out of BTE Renewables’ Kenyan assets to Meridiam.

BTE Renewables is one of Africa’s leading renewable energy companies.

Closing of the transaction is expected by Q4 2023, subject to satisfaction of certain conditions precedent.

ENGIE is a French-headquartered global utility company listed on the Paris and Brussels stock exchanges, with a focus on renewables, gas and electricity transmission networks, energy solutions, and thermal and energy supply. ENGIE had a turnover of €93.9 billion in 2022 and has 96,000 employees globally.

For more information, please see the press release here.