French renewable energy specialist Vergnet announced on Monday the signature of a strategic partnership with Germany's Wendit Group.

Under the terms of the agreement, the two companies explain that they intend to combine their industrial expertise to promote equitable development in Africa.

In particular, this partnership will enable Vergnet to draw on Wendit's operational teams, while Wendit will be able to enrich its offer with the aim of jointly responding to larger requests.

After jumping 32% early in the morning following this announcement, Vergnet shares were trading at breakeven on Monday on the Paris Bourse as lunchtime approached.

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