In France Bouygues sells African utility assets to Axa

Eranove - which supplies drinking water and power in West Africa and had 2013 turnover of 411 million euros ($466 million) - is majority-owned by the Africa-focused Emerging Capital Partners private equity fund.

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A Bouygues company logo is seen at a construction site in Paris, France, August 25, 2015. REUTERS/Regis Duvignau play A Bouygues company logo is seen at a construction site in Paris, France, August 25, 2015. REUTERS/Regis Duvignau
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French company Bouygues has sold its 19 percent stake in West African utility group Eranove to French insurer Axa, a Bouygues spokesman said on Friday, confirming a report in Jeune Afrique.

He declined to say how much Axa paid.

Eranove - which supplies drinking water and power in West Africa and had 2013 turnover of 411 million euros ($466 million) - is majority-owned by the Africa-focused Emerging Capital Partners private equity fund.

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