Latest news with #Bpifrance
Yahoo
28-05-2025
- 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
28-05-2025
- 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
Economy ME
19-05-2025
- Business
- Economy ME
MGX to build Europe's largest AI Campus in France with NVIDIA, Bpifrance and Mistral AI
MGX, the UAE's investment fund focused on AI and advanced technology, announced today that it is partnering with Bpifrance, Mistral AI and NVIDIA, to establish Europe's largest AI Campus, which will be located in Paris, France. The joint venture was announced during the Choose France Summit held in Versailles. The AI Campus is expected to ultimately reach a capacity of 1.4 GW. This strategic initiative builds on broader AI cooperation agreements supported by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron at the AI Action Summit in February 2025. Located in Europe's leading economic zone, the France AI Campus marks a major step toward establishing sovereign, sustainable and globally competitive AI infrastructure across the continent. Initiative to support large-scale AI adoption in key sectors Together, MGX, Bpifrance, Mistral AI and NVIDIA will develop Europe's first purpose-built intelligence hub supporting the full AI lifecycle, from model training and inference to deployment of generative and applied AI systems. Strategically located to integrate with France's research and innovation ecosystems, the AI Campus will feature advanced compute infrastructure, facilities for experimentation and real-world development environments. 'France has the ambition and capability to lead in this new AI era. At MGX, we see AI as the most transformative force of our time, and believe open, enduring infrastructure is key to unlocking its broad societal impact. The France AI Campus will accelerate breakthroughs across science, education, public services and business, fueling Europe's next wave of innovation,' stated Ahmed Yahia, managing director and CEO of MGX. The open platform will include exascale-class computing, sovereign cloud integration and low-carbon hyperscale data centers optimized for AI. It will also support large-scale AI adoption in fields such as healthcare, mobility, energy, finance and manufacturing, while advancing Europe's digital and climate sovereignty. 'This initiative highlights France's scientific excellence, capacity to deliver cutting-edge infrastructure, and its attractiveness to top talent. The Campus strengthens our technological sovereignty and reinforces France's position as a global AI leader,' added Nicolas Dufourcq, CEO of Bpifrance. AI Campus operations to launch by 2028 Construction of the AI Campus in France is expected to begin in the second half of 2026, with operations launching by 2028. 'The AI Campus will be a transformational infrastructure for France – built in France, to fuel France in the era of AI. It will revolutionise science, education, and industry,' commented Jensen Huang, CEO of NVIDIA. The AI Campus will be supported by a strong ecosystem of public and private partners from government, technology, industry and academia. Confirmed partners include, Bouygues, a French leader in construction, EDF Group, world leader in low-carbon energy and a key player in energy transition, and Ecole Polytechnique, member of Institut Polytechnique de Paris. Other partners include, RTE, France's national electricity transmission operator, which has recently developed a dedicated approach to accelerate the connection of large consumers on pre-qualified sites and Sipartech, a French provider of high-capacity fiber infrastructure across Europe. As part of a collective effort, Sipartech will contribute to the Paris AI Campus by delivering fast, reliable connectivity to key digital hubs alongside other partners shaping this new ecosystem. 'Campus AI marks a pivotal step in reinforcing France's position as a global leader in AI. By uniting top-tier expertise and cutting-edge solutions across the entire AI value chain, this initiative aims to foster sustainable AI ecosystems and create tangible benefits for companies, public institutions, and academic players,' added Arthur Mensch, co-founder and CEO of Mistral AI. Read| Saudi Arabia sees 21.5 percent of internet users, 27.3 percent of young adults engaging with AI: Report Ecole Polytechnique to fund PhDs and key research projects Ecole Polytechnique will contribute to the academic component and establish a teaching and research chair, funding PhDs and research projects, notably in collaboration with Mohamed Bin Zayed University of Artificial Intelligence in the UAE. 'As a French leading academic and research institution, École Polytechnique is proud to contribute to the AI Campus by advancing cutting-edge research and training the next generation of AI leaders. This partnership reflects our shared commitment to fostering international collaboration and strengthening Europe's capacity for sovereign, responsible, and high-impact AI innovation,' Laura Chaubard, director general of Ecole Polytechnique, said.
Al Etihad
19-05-2025
- Business
- Al Etihad
UAE's MGX partners with Bpifrance, Mistral AI, and NVIDIA to build Europe's largest AI Campus in France
19 May 2025 16:53 ABU DHABI (ALETIHAD)MGX, the UAE investment fund focused on artificial intelligence and advanced technology, together with French national investment bank Bpifrance, generative AI leader Mistral AI, and world leader in AI computing infrastructure NVIDIA, announced the formation of a joint venture to establish Europe's largest AI Campus will be located in the Paris region, and is expected to ultimately reach a capacity of 1.4 gigawatts (GW) during the Choose France Summit held in strategic initiative builds on broader AI cooperation agreements supported by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and French President Emmanuel Macron, at the AI Action Summit in February in Europe's leading economic zone, the AI Campus marks a major step toward establishing sovereign, sustainable, and globally competitive AI infrastructure across the joint venture signing ceremony was witnessed by Mr Eric Lombard, French Minister of Economy, Finance, and Industrial and Digital Sovereignty, and Khaldoon Al Mubarak, Chairman of the Executive Affairs Authority and member of the Artificial Intelligence and Advanced Technology the partners will develop Europe's first purpose-built intelligence hub supporting the full AI lifecycle, from model training and inference to deployment of generative and applied AI located to integrate with France's research and innovation ecosystems, the Campus will feature advanced compute infrastructure, facilities for experimentation, and real-world development open platform will include exascale-class computing, sovereign cloud integration, and low-carbon hyperscale data centers optimised for AI. It will support large-scale AI adoption in fields such as healthcare, mobility, energy, finance, and manufacturing, while advancing Europe's digital and climate Yahia, Managing Director and CEO of MGX, said, "France has the ambition and capability to lead in this new AI era. At MGX, we see AI as the most transformative force of our time, and believe open, enduring infrastructure is key to unlocking its broad societal impact. The France AI Campus will accelerate breakthroughs across science, education, public services, and business, fueling Europe's next wave of innovation."Nicolas Dufourcq, CEO of Bpifrance, said, "Bpifrance is proud to co-found this transformative European AI Campus with MGX. This initiative highlights France's scientific excellence, capacity to deliver cutting-edge infrastructure, and its attractiveness to top talent. The Campus strengthens our technological sovereignty and reinforces France's position as a global AI leader."Arthur Mensch, Co-Founder and CEO of Mistral AI, said, "Campus AI marks a pivotal step in reinforcing France's position as a global leader in AI. By uniting top-tier expertise and cutting-edge solutions across the entire AI value chain, this initiative aims to foster sustainable AI ecosystems and create tangible benefits for companies, public institutions, and academic players. We are proud to play a pivotal role in making the AI Campus a driving force for accelerating AI adoption, innovation, and technological leadership in France."Jensen Huang, CEO of NVIDIA, said, "The AI Campus will be a transformational infrastructure for France - built in France, to fuel France in the era of AI. It will revolutionise science, education, and industry."Laura Chaubard, Director General of Ecole Polytechnique, said, "As a French leading academic and research institution, École Polytechnique is proud to contribute to the AI Campus by advancing cutting-edge research and training the next generation of AI leaders. This partnership reflects our shared commitment to fostering international collaboration and strengthening Europe's capacity for sovereign, responsible, and high-impact AI innovation."The Campus will be supported by a strong ecosystem of public and private partners from government, technology, industry, and academia. Confirmed partners include, Bouygues, a French leader in construction, energies and telecommunications, renowned for its expertise in innovative and complex projects in over 80 countries, as well as EDF Group, world leader in low-carbon energy and a key player in energy transition. The EDF Group is an integrated energy operator engaged in all aspects of the energy business. Ecole Polytechnique - member of Institut Polytechnique de Paris, a top-tier academic and research institution in science, engineering, and artificial intelligence - will contribute to the academic component, and establish a teaching and research chair, funding PhDs and research projects, notably in collaboration with Mohamed Bin Zayed University of Artificial Intelligence in the UAE. Other partners include, RTE - France's national electricity transmission operator which has recently developed a dedicated approach to accelerate the connection of large consumers on pre-qualified sites - and Sipartech, a French provider of high-capacity fiber infrastructure across Europe. As part of a collective effort, Sipartech will contribute to the Paris AI Campus by delivering fast, reliable connectivity to key digital hubs alongside other partners shaping this new ecosystem. Construction is expected to begin in the second half of 2026, with operations launching by 2028. Source: Aletihad - Abu Dhabi
Yahoo
16-05-2025
- Business
- Yahoo
Verallia Obtains Consent of the Group's Lenders in the Context of the Takeover Bid Initiated by BWGI
PARIS, May 16, 2025--(BUSINESS WIRE)--Regulatory News: Verallia (Paris:VRLA) announces today that it has obtained the consent of its bank lenders to amend the change of control clause of its existing banking financing facilities1 so that the completion of the public takeover bid initiated by BWGI, filed with the French Financial Markets Authority (Autorité des marchés financiers) on April 24, 2025 (the "Offer"), will not trigger their early repayment. With regard to certain other Group financings, Verallia has also obtained Bpifrance's waiver of its right to request early repayment of an amortizable loan2 in the event of the change of control clause stipulated in this loan being triggered in connection with the completion of the Offer, and has also obtained Crédit Agricole Leasing & Factoring's (CALF) consent to amend the change of control clause provided for in the Group's pan-European and UK factoring programs3, so that it will not be triggered by the completion of the Offer. CALF has also agreed to extend the term of these factoring programs from December 1, 2025, to June 1, 2026. Verallia is pleased with the confidence shown by its financial partners. About Verallia At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all. With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024. Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement. Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable. Disclaimer This press release does not contain, nor does it constitute, an offer of securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction. Protection of personal data You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@ Press releases will still be available via the website Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@ If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France's regulatory body). 1 Bank financing facilities comprising (i) a syndicated credit agreement of €1.1 billion comprising (a) a term loan of an initial principal amount of €550 million, of which the principal amounts outstanding at the date of this press release amount to €200 million, bearing interest at Euribor + 1.75%, and (b) a revolving credit facility (RCF) of €550 million, unused at the date of this press release, bearing interest at Euribor + 1.25% and (ii) a revolving credit facility of €250 million, drawn for €120 million as of the date of this press release, bearing interest at Euribor + 0.80%.2 Outstanding amounts due of €23 million as of March 31, 2025.3 Factoring programs for a maximum amount of €500 million and €50 million, respectively. View source version on Contacts Press contacts Sara Natij & Laurie Dambrineverallia@ | +33 (0)7 68 68 83 22Investor relations contacts David Placet | Michele Degani | Benoit GrangeTristan Roquet-Montégonverallia@ 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
