AXA acquires 18.6% stake in Eranove, a leading West African utility company

AXA announced today it has invested in Eranove, a leading West African utility company with operations in power generation, transmission and distribution, as well as water production and distribution. AXA acquired an 18.6% stake from Bouygues SA, which operates primarily in Ivory Coast and Senegal through concession companies including CIE, SODECI, SDE and independent power producer CIPREL.