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Ardian – Sale of stake in a utility company in Luxembourg

French infrastructure investor Ardian has agreed the sale of its 25.5% stake in Luxembourg utility company Encevo to Chinese state-owned power company China Southern Power Grid. Encevo owns Creos, which operates electricity and gas grids in Luxembourg and in neighbouring regions of Germany, and Enovos, which owns wind assets in Luxembourg and biogas and solar plants in Germany. Financial details of the transaction have not been disclosed.