Societe Generale Insurance has completed the purchase of a 32% shareholding interest in French gas distribution company, Régaz-Bordeaux, from InfraVia Capital Partners.

Régaz is the regulated gas distribution network of the City of Bordeaux and 45 other neighbouring municipalities. With a network of 3,315 km and 210,000 points of delivery, it is the largest independent gas distribution company in France.

For this operation, InfraVia has been advised by Natixis bank (M&A) and by Bird & Bird (legal). Société Générale Insurance has been advised by Schroders and DC Advisory (M&A) and by Orrick Herrington & Suttcliffe (legal).