EnBW Energie Baden-Württemberg AG (DB:EBK) has signed the letter of intent to acquire Groupe VALECO from Caisse des dépôts et consignations and founding family Gay on March 28, 2019. Owners of Valeco have selected EnBW as the exclusive buyer of Groupe Valeco. French law has proceeded with the consultation and will have to be completed before EnBW and Groupe Valeco enter into an definitive agreement. The transaction is subject to regulatory approval. Alexandre Ancel, Julie Parent, Neyla Fandi, Romaric Lazerges, Antoine Coursaut-Durand, Gabrielle Nivet, Olivier Picquerey, Sophie Lippmann, Pierre Soen, Antoine Gueche, Marianne Delassaussé, Laurie-Anne Ancenys and Faustine Piechaud of Allen & Overy acted as legal advisors for Caisse des dépôts et consignations and founding family Gay. Philippe Raybaud, Hélène Gelas, Alexandre Bensoussan, Rudy Jourdan, Philippe Jacques, Géraldine Piedelièvre and Prudence Cadio of LPA-CGR Avocats acted as legal advisors for EnBW Energie. EnBW Energie Baden-Württemberg AG (DB:EBK) completed the acquisition of Groupe VALECO from Caisse des dépôts et consignations and founding family Gay on June 3, 2019. The transaction was approved by the authorities and the French Minister for the Economy and Finance.