Crédit Agricole Assurances acquires a 10% stake in TDF

Crédit Agricole Assurances, through its subsidiary Predica, acquired a 10% interest in TDF’s capital on 19 May.

This investment follows an initiative by the group’s current shareholders, Brookfield Infrastructure, APG, Arcus Infrastructure Partners and the Public Sector Pension Investment Board (PSP Investments), which wanted to open up its capital to a leading French investor.

With this transaction, Crédit Agricole Assurances is further strengthening its presence on the infrastructures market, on which the Group already has significant long-term interests enabling it to offer additional returns for its policyholders while making sustainable investments in essential assets for the French economy.

Following this deal, TDF’s shareholding structure now has the following breakdown: 45% for Brookfield Infrastructure; 45% for APG, Arcus Infrastructure Partners and PSP Investments; 10% for Crédit Agricole Assurances.

Olivier Huart, TDF’s President, said: “I am delighted that a leading investor on the infrastructures market like Crédit Agricole Assurances has decided to support TDF’s development and growth over the long term. Its acquisition of an interest in TDF brings to a close the process to change our shareholding structure that began in spring last year”.