2023-11-21 09:27:17
Published on Nov. 21, 2023 at 8:23 a.m. Updated on Nov. 21, 2023 at 10:28 a.m.
The Lyonnais Terre et Lac wants to change dimension. To do this, it is opening its capital to the Infranity investment fund, a company specializing in infrastructure and which is part of the Generali Investments group. The amount of the operation is not disclosed. The fund, which invests between 50 and 150 million euros depending on the case, becomes a minority shareholder during this capital increase.
The director of Terre et Lac, Pierre-Emmanuel Martin, who founded this designer, installer and operator of solar power plants in 2009 (he also created Carbon, which wants to reindustrialize solar panels in Fos-sur-Mer), remains in the majority. Executives also retain shares in the capital. Infranity positions itself as a “long-term” fund, indicates Romain Le Mélinaidre, executive director, thus ruling out a short-term exit.
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