Dentons advised Mirova Core Infrastructure Fund on the acquisition of an 85 percent equity interest in Aton per il Progetto from Siram, a subsidiary of Veolia Environment. Dentons assisted the acquirer in all corporate, financial and regulatory aspects of the transaction. The deal was closed on 24 November 2016.

Mirova Core Infrastructure Fund is a subsidiary of Natixis Asset Management, and is dedicated to responsible investment.

Aton is a corporate vehicle holding the concession agreement for the construction and operation of the cogeneration power plant of the hospital of Udine, a connected heating system serving the north-western districts of the city of Udine, and other technological infrastructure. In operation since September 2015, Aton’s revenues come primarily from the provision of heating and cooling services to the beneficiaries of the concession contract, including the Hospital Santa Maria della Misericordia, the University of Udine and the Palamostre swimming pool. In addition, the company connects third-party users, mostly households, to the heating distribution system.

The team was composed by Partners Paul Morel (Paris) and Senior Counsels Barbara Urselli (Rome) and Dina Collepardi, Senior Associate Ilaria Gobbato and Trainee Antonio Izzi (all from the Milan office).

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