January 23, 2019 / 7:57 AM / 7 months ago

France's EDF buys 49 percent stake in Conergies Group

FILE PHOTO: The logo of Electricite de France SA (EDF) is pictured on the facade of a building in Paris, France, August 5, 2018. REUTERS/Regis Duvignau

PARIS (Reuters) - French state-controlled power utility EDF (EDF.PA) has bought a 49 percent stake for an undisclosed amount in African company Conergies Group.

Conergies Group is a leading west African energy company with more than 130 projects in Ivory Coast, Mali, Senegal, Burkina Faso, Benin, Guinea and Guinea-Bissau.

Reporting by Sudip Kar-Gupta; editing by Jason Neely

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