Natixis News

Mirova Core Infrastructure Fund buys majority stake in Aton, its first investment in district heating networks and in Italy

Mirova, the Natixis Asset Management’s subsidiary dedicated to responsible investment, today informs that Mirova Core Infrastructure Fund (MCIF) has completed the acquisition of a majority stake (85%) in the Italian concession company Aton. The latter is in charge of the construction and operation of a cogeneration plant station as well as a district heating network serving the Udine Hospital and north-west province of Udine (Friuli Venezia Giulia, Italy). The purchase agreement was concluded with Siram S.p.a, a wholly owned subsidiary of Veolia Environment in Italy, which also serves as operator for this project and will hold the remaining 15% shareholding. Signed in June 2016, the transaction has satisfied all customary closing conditions since then.

This new investment is MCIF‘s first transaction in heating networks and in Italy, it fits perfectly with MCIF diversification strategy across sectors and European countries.

Note to the reader
Investments in Infrastructure portfolios are reserved for specific investors, as defined by their respective regulatory documentation. Regulatory Documents of Funds provide the source of information on these Funds. Their investment objectives, strategies and main risks are described in their respective regulatory documents. Their fees, charges and performances are also described in these documents.

About Mirova
Mirova, an asset management company wholly owned by Natixis Asset Management1, brings to bear almost 30 years of experience in Socially Responsible Investing (SRI). Mirova offers a conviction-driven approach in order to combine value creation with sustainable development with a unique and global product offering: listed equities, fixed income, infrastructure, impact investing, voting and engagement. With 63 employees, Mirova has €6 billion in assets under management2.

1 Since 01.01.2014.

2 Source : Natixis Asset Management as at 30 June 2016

Mirova
A subsidiary of Natixis Asset Management
Limited liability company
Share Capital: €7 641 327.50
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
21 quai d’Austerlitz 75013 Paris France
www.mirova.com

The analyses and opinions referenced herein represent the subjective views of the author as referenced, are as of the mentioned date, and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.

This material has been provided for information purposes only to investment service providers or other Professional Clients, Qualified or Institutional Investors and, when required by local regulation, only at their written request.

NGAM News