Luxembourg Utilities S.A., GEM Capital Management, Inc., Bernard Krief Consultants SA and industrialists completed the acquisition of 42.47% stake in Vergnet SA from Bpifrance Participations SA for 5 million.
Luxembourg Utilities S.A., GEM Capital Management, Inc., Bernard Krief Consultants SA (ENXTPA:MLKRI) and industrialists (buyers) completed the acquisition of 42.47% stake in Vergnet SA (ENXTPA:ALVER) from Bpifrance Participations SA for 5 million on December 20, 2017. The consideration is for the stake and all other securities in possession of bpifrance and part of its claims on Vergnet.