Engie has sold its dark fiber activity to euNetworks

April 2023 — Engie Electrabel has sold its dark fiber activity to euNetworks.

Engie Electrabel’s fiber activity comprises a network of 1,660 km of dark fiber underground, co-owned by utility companies and Engie Electrabel. It is a duct-based network covering approximately 89% of Belgian long-haul routes, with close to 13 data centers and more than 2,500 towers. The network comes with in-place commercial and operational contracts.

Headquartered in the UK, euNetworks is a leading data center and cloud connectivity provider in Western Europe, owner and operator of dense fiber long-haul and metro networks in 17 countries.

Engie Electrabel is the Belgian market leader in the production and sale of electricity, natural gas and energy services.

Our role in the transaction

Oaklins’ team in Belgium acted as the exclusive sell-side financial advisor to Engie Electrabel in this transaction.

Service

M&A sell-side

Parties

“We worked with Oaklins because we believed that their team, with relevant TMT sector expertise, was best positioned to advise us on this transaction. The team has proven to be a trusted partner, offering an excellent service, tailored to our needs. They delivered practical advice at critical moments. Their process management was instrumental in providing us comfort and support.”

Yves Lacomble

M&A Senior Advisor, Engie Electrabel

Talk to the deal team

Michaël Rixhon

Director

Brussels, Belgium
Oaklins KBC Securities

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Pieter Vanhoudt

Associate Director

Brussels, Belgium
Oaklins KBC Securities

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