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  • Buyouts

ITALY - AXA PE takes minority stake in TRE & Partners

  • fran
  • 17 February 2009
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AXA Private equity has taken a 45% stake in TRE & Partners, a newly established holding company designed to invest in wind, hydro and solar projects in Italy, as part of a joint venture with Italian industrial group Tozzi.

TRE & Partners consists of Tozzi Group assets, including both wind farms and hydroelectric projects already in operation as well as projects currently under development or construction, with a total gross capacity above 400 MW.

The deal reinfroces the partnership between the two parties following the acquistion by AXA PE of a 30% stake in a wind farm in Serracapriola, which has a 42MW capacity.

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