Latest news with #ArverneGroup
Yahoo
3 days ago
- Business
- Yahoo
Bpifrance Acquires a Stake in Arverne Group to Support the Growth of a French Leader in Geothermal Solutions
PAU, France, May 28, 2025--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that Bpifrance acquires a stake in its capital. Bpifrance acquired 1,709,740 existing Arverne Group shares, representing 4.29% of the share capital and 4.91% of the voting rights, as part of an off-market block sale. This transaction will be accompanied by the appointment of a representative of Bpifrance to the Board of Directors, initially as censor, then as a director, whose appointment will be proposed no later than the first general meeting of Arverne Group shareholders following the combined general meeting of June 18, 2025. Becoming Arverne Group's shareholder is fully in line with Bpifrance's strategy of supporting players in the ecological and energy transition and in the reindustrialisation of France. Convinced of the relevance of its business model, at the heart of the challenges of decarbonisation, energy sovereignty and sovereign supply of critical materials, Bpifrance wishes to support the company in its development. Arverne Group is positioning itself as a major player in the French market for geothermal solutions, by developing two strategic areas: the supply of geothermal heat for its public and private network customers and industrial operators, and an innovative concept for extracting lithium from Alsatian brines, which are rich in this strategic metal for the battery industry. Drilling is the keystone of any activity involving the subsoil, so Arverne Group has developed an integrated model from exploration and drilling to production and sales to end users. As a fast-growing and mission-driven company, the Group's projects contribute to the prosperity of local communities. Pierre Brossollet, Founder and Chairman & CEO of Arverne Group stated : "We are particularly pleased and proud that Bpifrance has become a shareholder in our company. Its commitment to us is a strong endorsement of our vision and strategy. This partnership marks a key stage in Arverne Group's development and will strengthen our ability to deploy our roadmap to reach an annual production capacity of 4 TWh of geothermal heat and 27,000 tons of geothermal lithium by 2031." José Gonzalo, Executive Director, Bpifrance's Development Capital Division, added : "Bpifrance is proud to support Arverne Group in its development, convinced by its strong market potential. This investment is a perfect illustration of Bpifrance's mission: to help innovative players to emerge with sustainable solutions, firmly rooted in the local areas and strategic to France's energy sovereignty and reindustrialisation." Next event: June 18, 2025, Combined General Meeting About Arverne GroupArverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About BpifranceBpifrance's equity investments are operated by Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - through loans, guarantees and equity. Bpifrance supports them in their innovation and international projects. Bpifrance now also supports their export activities through a wide range of products. Advice, universities, networking and acceleration programmes for start-ups, SMEs and ETIs are also part of the services offered to to Bpifrance and its 50 regional offices, entrepreneurs have a single, close and effective contact to help them meet their information : - / - Suivez nous sur LinkedIn : Bpifrance LinkedIn et sur X : @Bpifrance - @BpifrancePresse View source version on Contacts Media Relations: communication@ arvernegroup@ Investor Relations: Bpifrance Sophie 06 30 35 24 71Sophie 07 88 09 28 17 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Bpifrance Acquires a Stake in Arverne Group to Support the Growth of a French Leader in Geothermal Solutions
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that Bpifrance acquires a stake in its capital. Bpifrance acquired 1,709,740 existing Arverne Group shares, representing 4.29% of the share capital and 4.91% of the voting rights, as part of an off-market block sale. This transaction will be accompanied by the appointment of a representative of Bpifrance to the Board of Directors, initially as censor, then as a director, whose appointment will be proposed no later than the first general meeting of Arverne Group shareholders following the combined general meeting of June 18, 2025. Becoming Arverne Group's shareholder is fully in line with Bpifrance's strategy of supporting players in the ecological and energy transition and in the reindustrialisation of France. Convinced of the relevance of its business model, at the heart of the challenges of decarbonisation, energy sovereignty and sovereign supply of critical materials, Bpifrance wishes to support the company in its development. Arverne Group is positioning itself as a major player in the French market for geothermal solutions, by developing two strategic areas: the supply of geothermal heat for its public and private network customers and industrial operators, and an innovative concept for extracting lithium from Alsatian brines, which are rich in this strategic metal for the battery industry. Drilling is the keystone of any activity involving the subsoil, so Arverne Group has developed an integrated model from exploration and drilling to production and sales to end users. As a fast-growing and mission-driven company, the Group's projects contribute to the prosperity of local communities. Pierre Brossollet, Founder and Chairman & CEO of Arverne Group stated: ' We are particularly pleased and proud that Bpifrance has become a shareholder in our company. Its commitment to us is a strong endorsement of our vision and strategy. This partnership marks a key stage in Arverne Group's development and will strengthen our ability to deploy our roadmap to reach an annual production capacity of 4 TWh of geothermal heat and 27,000 tons of geothermal lithium by 2031.' José Gonzalo, Executive Director, Bpifrance's Development Capital Division, added : ' Bpifrance is proud to support Arverne Group in its development, convinced by its strong market potential. This investment is a perfect illustration of Bpifrance's mission: to help innovative players to emerge with sustainable solutions, firmly rooted in the local areas and strategic to France's energy sovereignty and reindustrialisation.' Next event: June 18, 2025, Combined General Meeting About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About Bpifrance Bpifrance's equity investments are operated by Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - through loans, guarantees and equity. Bpifrance supports them in their innovation and international projects. Bpifrance now also supports their export activities through a wide range of products. Advice, universities, networking and acceleration programmes for start-ups, SMEs and ETIs are also part of the services offered to entrepreneurs. Thanks to Bpifrance and its 50 regional offices, entrepreneurs have a single, close and effective contact to help them meet their challenges. More information : - / - Suivez nous sur LinkedIn : Bpifrance LinkedIn et sur X : @Bpifrance - @BpifrancePresse
Business Wire
4 days ago
- Business
- Business Wire
Arverne Group, Annual Combined General Meeting of June 18, 2025
PAU, France--(BUSINESS WIRE)--Regulatory News: The shareholders of Arverne Group (Paris:ARVEN) are invited to attend the Combined General Meeting of the Company ('the Meeting') which will be held on Wednesday June 18, 2025, at 10 a.m. at the offices of Jones Day, 2 rue Saint Florentin, 75001 Paris. The notice of the meeting, including the agenda, proposed resolutions and conditions for attending and voting at the Meeting, was published on May 12, 2025, in Bulletin des annonces légales obligatoires ('BALO'), bulletin no. 57. The notice of meeting will be published in the BALO on May 30, 2025. Documents and information relating to this Meeting will be made available to shareholders in accordance with applicable laws and regulations. In accordance with article R. 22-10-23 of the French Commercial Code, preparatory documents for this Meeting are available on the Arverne Group website ( in the 'Annual General Meeting' section. About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
Yahoo
5 days ago
- Business
- Yahoo
Arverne Group Has Entered Negotiations With Hydro Energy Invest AS With a View to Increase Arverne Group's Participation in Its Subsidiary Lithium de France
PAU, France, May 26, 2025--(BUSINESS WIRE)--Regulatory News: Arverne Group (Paris:ARVEN) (ISIN code: FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that it has entered negotiations with Hydro Energy Invest AS (a fully owned subsidiary within the Norsk Hydro group) to increase its stake in its subsidiary Lithium de France. Nature of the transaction The contemplated transaction would consist in Hydro Energy Invest contributing its shares in Lithium de France against Arverne Group shares. This transaction would enable Arverne Group to increase its stake in Lithium de France, whilst reinforcing its shareholding structure with a major energy player. If this project is completed the major shareholders of Lithium de France would be Arverne Group and Equinor Ventures. Lithium de France: an innovative and disruptive geothermal heat and lithium project in Alsace Lithium de France, created in 2020 by Arverne Group, is a pioneer in accelerating the energy transition by supplying heat to businesses, farmers and local authorities and producing lithium for electric mobility. By 2031, its groundbreaking project aims to produce 2.2 TWh of geothermal heat and an annual production capacity of 27 kt of lithium (LC), i.e. 33% of estimated French demand in 20351. The lithium will be extracted using DLE (Direct Lithium Extraction) technology from the rich geothermal brines in Alsace. The results of the pre-feasibility study (PFS)2 confirmed the competitiveness of geothermal lithium production costs, placing the project in the top quartile worldwide, while respecting the environment and contributing to regional development. A reinforced ambition: to become the French leader in geothermal energy in all its forms, including geothermal lithium The proposed transaction will enable Arverne Group to reaffirm its position in the structurally buoyant market for critical metals in the energy transition, particularly lithium. Global demand for lithium, which is essential for electric batteries and energy storage, is set to increase fivefold by 2040, while supply is expected to be insufficient3. Provisional schedule Completion of this transaction remains subject to the signature of definitive agreements and to usual conditions in this area. Arverne Group will keep investors informed of significant progress on this project, in accordance with its regulatory obligations. Next event: June 18, 2025, Combined General Meeting About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About Lithium de France Lithium de France, a subsidiary of the Arverne Group, mission-driven company listed on the Tech Leaders segment of Euronext Paris, is a French pioneer in low-carbon geothermal heat and lithium. Founded in 2020, Lithium de France's mission is to accelerate the energy transition by supplying heat to businesses, farmers and local authorities alike, and producing lithium for electric mobility. Lithium de France is an innovative leader headquartered in Haguenau, northern Alsace. About Hydro Hydro is a leading aluminium and renewable energy company developing businesses and partnerships for a more sustainable future. It employs 32,000 people at more than 140 sites in 42 countries. ______________ 1 Source: 2 - the Definitive Feasibility Study (DFS) will refine these results 3 Source Benchmark Mineral Intelligence, Q1 2025 - compared to 2024 View source version on Contacts Media Relations: communication@ arvernegroup@ Investor Relations:
Business Wire
5 days ago
- Business
- Business Wire
Arverne Group Has Entered Negotiations With Hydro Energy Invest AS With a View to Increase Arverne Group's Participation in Its Subsidiary Lithium de France
PAU, France--(BUSINESS WIRE)--Regulatory News: (Paris:ARVEN) (ISIN code: FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that it has entered negotiations with Hydro Energy Invest AS (a fully owned subsidiary within the Norsk Hydro group) to increase its stake in its subsidiary Lithium de France. Nature of the transaction The contemplated transaction would consist in Hydro Energy Invest contributing its shares in Lithium de France against Arverne Group shares. This transaction would enable Arverne Group to increase its stake in Lithium de France, whilst reinforcing its shareholding structure with a major energy player. If this project is completed the major shareholders of Lithium de France would be Arverne Group and Equinor Ventures. Lithium de France: an innovative and disruptive geothermal heat and lithium project in Alsace Lithium de France, created in 2020 by Arverne Group, is a pioneer in accelerating the energy transition by supplying heat to businesses, farmers and local authorities and producing lithium for electric mobility. By 2031, its groundbreaking project aims to produce 2.2 TWh of geothermal heat and an annual production capacity of 27 kt of lithium (LC), i.e. 33% of estimated French demand in 2035 1. The lithium will be extracted using DLE (Direct Lithium Extraction) technology from the rich geothermal brines in Alsace. The results of the pre-feasibility study (PFS) 2 confirmed the competitiveness of geothermal lithium production costs, placing the project in the top quartile worldwide, while respecting the environment and contributing to regional development. A reinforced ambition: to become the French leader in geothermal energy in all its forms, including geothermal lithium The proposed transaction will enable Arverne Group to reaffirm its position in the structurally buoyant market for critical metals in the energy transition, particularly lithium. Global demand for lithium, which is essential for electric batteries and energy storage, is set to increase fivefold by 2040, while supply is expected to be insufficient 3. Provisional schedule Completion of this transaction remains subject to the signature of definitive agreements and to usual conditions in this area. Arverne Group will keep investors informed of significant progress on this project, in accordance with its regulatory obligations. Next event: June 18, 2025, Combined General Meeting Expand About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About Lithium de France Lithium de France, a subsidiary of the Arverne Group, mission-driven company listed on the Tech Leaders segment of Euronext Paris, is a French pioneer in low-carbon geothermal heat and lithium. Founded in 2020, Lithium de France's mission is to accelerate the energy transition by supplying heat to businesses, farmers and local authorities alike, and producing lithium for electric mobility. Lithium de France is an innovative leader headquartered in Haguenau, northern Alsace. About Hydro Hydro is a leading aluminium and renewable energy company developing businesses and partnerships for a more sustainable future. It employs 32,000 people at more than 140 sites in 42 countries.
