French power utility firm EDF buys 49 pct stake in Conergies Group

French state-controlled power utility EDF 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. Source: Reuters