Both Japanese conglomerate Mitsui and a consortium led by Canadian private-equity firm Fiera Axium Infrastructure will buy 30% stakes in the new joint venture – leaving GDF Suez with a 40% interest and operational control of the assets.
The deal will see GDF Suez pocket C$1.5bn ($1.52bn), while another C$1.1bn in project financing has been raised for future projects from a group of mostly Japanese financial groups, including the Sumitomo Mitsui Banking Corporation.
GDF
