By Patrick Costello

 

Electricite de France SA (EDF.FR) said late Wednesday that it and its Sofilo subsidiary completed the sale of more than 200 office and business assets to investment vehicles managed by Colony Capital Inc. (CLNY).

The portfolio included assets located in the Paris metro area and other regions in France with a total surface area of roughly 430,000 square meters, EDF said.

The sale was also coupled with an operating lease contract by the EDF group, the company said.

The closing of the transaction marks the completion of the French energy group's asset-disposal plan for 2015 to 2020 of 10 billion euros ($11.31 billion), EDF said.

 

Write to Patrick Costello at Patrick.Costello@dowjones.com.

 

(END) Dow Jones Newswires

November 29, 2018 02:03 ET (07:03 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.