The Fonds Stratégique de Participations (FSP) invests in Neoen on its stock market listing

News - 10/18/2018

The Fonds Stratégique de Participations (FSP) has decided to commit to the renewable energies sector, becoming a long-term shareholder of Neoen, the leading independent green energy producer in France. In keeping with its investment policy, the FSP also intends to participate in Neoen's governance, with a seat on its board of directors. The FSP is managed by the Edmond de Rothschild Group.

Since its launch in 2013, the Fonds Stratégique de Participations has made long-term investments in the share capital of French companies with a view to becoming a stable and significant shareholder, thus supporting them in their development strategies.

For its seventh investment, the FSP has taken a stake of over 7% in the share capital of Neoen as part of its stock market listing.

With Neoen, the FSP is providing support to a fast-growing company whose listing on the stock exchange is aimed at financing a total capacity in operation and construction of more than 5 GW by 2021, compared with 2 GW today. Neoen's primary expertise areas are solar and onshore wind energy, combined with solid experience in energy storage. The outlook for this sector and Neoen's track record were the reasons behind the FSP's decision to invest.

Commenting on the investment, Antoine Lissowski, Chairman of the FSP, said: “With this seventh investment, the Fonds Stratégique de Participations continues to play a major role in directing the long-term savings of the French population towards financing the real economy. In particular, this investment demonstrates our commitment as insurers to support and drive more sustainable and more environmentally friendly growth."

The FSP, which is held by seven large French insurance companies, is already invested in six major French companies: ARKEMA, SEB, SAFRAN, EUTELSAT COMMUNICATIONS, TIKEHAU CAPITAL, and ELIOR GROUP, of which it is currently a majority shareholder and director. With this seventh investment, the sums invested by the FSP in the capital of these companies will amount to €1.8 billion.