In line with its responsible investor philosophy, Mirova is committed ...
Mirova Core Infrastructure Fund buys majority stake in Aton, its first investment in district heating networks and in Italy
Mirova Core Infrastructure Fund (“MCIF”) acquires 85% of the share capital of Aton per il Progetto S.r.l. (“Aton”)
Mirova, the Natixis Asset Management’s subsidiary dedicated to responsible investment, today informs that MCIF has completed the acquisition of a majority stake (85%) in the Italian concession company Aton. The latter is in charge of the construction and operation of a cogeneration plant station as well as a district heating network serving the Udine Hospital and north-west province of Udine (Friuli Venezia Giulia, Italy). The purchase agreement was concluded with Siram S.p.a, a wholly owned subsidiary of Veolia Environment in Italy, which also serves as operator for this project and will hold the remaining 15% shareholding. Signed in June 2016, the transaction has satisfied all customary closing conditions since then.
This new investment is MCIF‘s first transaction in heating networks and in Italy, it fits perfectly with MCIF diversification strategy across sectors and European countries.