The infrastructure investor has acquired a 50% stake in Covage from VINCI. Cube will pay VINCI an initial € 30m with a further € 36m to be paid over the next three years, contingent on Covage’s results.
“The Cube investment is an important step in Covage’s evolution as a growing operating company.”
French infrastructure fund Cube Infrastructure has acquired the French division of Neolectra Group, an independent power producer with assets in France and Spain.
French infrastructure fund Cube Infrastructure and Italian railway operator Ferrovie dello Stato have acquired Arriva Deutschland, Germany’s second-largest private regional transport operator, owned by Deutsche Bahn.
A consortium led by Ferrovie dello Stato in partnership with Cube Infrastructure has been selected to acquire the German business activities of the Arriva Group. Through this acquisition, the consortium led by Ferrovie dello Stato in partnership with Cube Infrastructure captures a relevant 5% market share with the objective to further develop the business on the buoyant German public transport market.
Following another fund-raising exercise closed on July 1, 2010, the Cube Infrastructure fund lifted total capital invested in the fund to €1.08 billion, in excess of its €1 billion initial target.
