Bpifrance Acquires a Stake in Arverne Group to Support the Growth of a French Leader in Geothermal Solutions

PAU, France--(BUSINESS WIRE)--Regulatory News:
Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that Bpifrance acquires a stake in its capital.
Bpifrance acquired 1,709,740 existing Arverne Group shares, representing 4.29% of the share capital and 4.91% of the voting rights, as part of an off-market block sale. This transaction will be accompanied by the appointment of a representative of Bpifrance to the Board of Directors, initially as censor, then as a director, whose appointment will be proposed no later than the first general meeting of Arverne Group shareholders following the combined general meeting of June 18, 2025.
Becoming Arverne Group's shareholder is fully in line with Bpifrance's strategy of supporting players in the ecological and energy transition and in the reindustrialisation of France. Convinced of the relevance of its business model, at the heart of the challenges of decarbonisation, energy sovereignty and sovereign supply of critical materials, Bpifrance wishes to support the company in its development.
Arverne Group is positioning itself as a major player in the French market for geothermal solutions, by developing two strategic areas: the supply of geothermal heat for its public and private network customers and industrial operators, and an innovative concept for extracting lithium from Alsatian brines, which are rich in this strategic metal for the battery industry. Drilling is the keystone of any activity involving the subsoil, so Arverne Group has developed an integrated model from exploration and drilling to production and sales to end users. As a fast-growing and mission-driven company, the Group's projects contribute to the prosperity of local communities.
Pierre Brossollet, Founder and Chairman & CEO of Arverne Group stated: ' We are particularly pleased and proud that Bpifrance has become a shareholder in our company. Its commitment to us is a strong endorsement of our vision and strategy. This partnership marks a key stage in Arverne Group's development and will strengthen our ability to deploy our roadmap to reach an annual production capacity of 4 TWh of geothermal heat and 27,000 tons of geothermal lithium by 2031.'
José Gonzalo, Executive Director, Bpifrance's Development Capital Division, added : ' Bpifrance is proud to support Arverne Group in its development, convinced by its strong market potential. This investment is a perfect illustration of Bpifrance's mission: to help innovative players to emerge with sustainable solutions, firmly rooted in the local areas and strategic to France's energy sovereignty and reindustrialisation.'
Next event: June 18, 2025, Combined General Meeting
About Arverne Group
Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
www.arverne.earth
About Bpifrance
Bpifrance's equity investments are operated by Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - through loans, guarantees and equity. Bpifrance supports them in their innovation and international projects. Bpifrance now also supports their export activities through a wide range of products. Advice, universities, networking and acceleration programmes for start-ups, SMEs and ETIs are also part of the services offered to entrepreneurs.
Thanks to Bpifrance and its 50 regional offices, entrepreneurs have a single, close and effective contact to help them meet their challenges.
More information : www.Bpifrance.fr - https://presse.bpifrance.fr / - Suivez nous sur LinkedIn : Bpifrance LinkedIn et sur X : @Bpifrance - @BpifrancePresse

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

CNBC

2 hours ago

• CNBC

Satellite operator Eutelsat pops 14% as France backs capital raise

Eutelsat shares popped on Friday morning, after the European satellite operator announced a 1.35 billion euro ($1.55 billion) capital raise backed by the French state and other investors. The company's stock was up 14% at 09:17 a.m. London time. The company said that, along with a debt refinancing plan, the capital increase would support its investment in its existing Low Earth Orbit (LEO) capabilities, which are focused on business-to-business and business-to-government operations. Eutelsat shares have been hugely volatile this year, experiencing an enormous spike in March on expectations that it could be a European alternative to Elon Musk's Starlink, and subsequently cooling. "As the only European operator with a fully operational LEO network, Eutelsat is positioned to play a strategic role in supporting critical sectors such as military communications, cyber-resilience, and secure government connectivity, fully aligned with European Union and NATO objectives for strategic autonomy," it said in the release. Other investors, including the U.K., "could join the capital raise in due course," it added. Writing on X, French President Emmanuel Macron said that by strengthening Eutelsat's position France was "ensuring its strategic independence and paving the way for Europe's" and noted he would discuss the decision at the Paris Air Show on Friday.

Business Insider

3 hours ago

• Business Insider

Stellantis Announces a Citroen C3 and DS3 Recall Following a Fatal Crash

Stellantis (STLA) has announced a recall for 82,000 Citroen C3 and DS3 vehicles that have faulty Takata airbags. These vehicles were sold in France and include models sold between 2014 and 2019. The stop-drive recall has the company seeking the removal of these vehicles from roads until repairs are made. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter This latest recall was triggered by a fatal crash on June 11. A French woman was killed after suffering injuries from the Takata airbag in a 2014 Citroen C3. The French transport ministry has also called for all affected vehicles to be taken off the road. These latest recalls will add to the number of vehicles with Takata airbags that Stellantis has had to replace. Currently, 481,000 vehicles in the country have been repaired out of a total of 690,000. If all of the vehicles in the Citroen C3 and DS3 have their airbags replaced, that number would grow to 563,000. Stellantis 2025 Recalls Stellantis has issued several recalls in 2025 as issues have plagued its vehicles. That includes: 235,640 Ram ProMaster vans with faulty rearview camera systems. 48,494 Alfa Romeo and Dodge SUVs that suffered the same issue with their cameras. 33,777 Ram 1500 trucks with headlight failure issues. 10,396 Ram 1500 pickup trucks with tire pressure monitor errors. With no shortage of recalls this year, customers may be growing frustrated with Stellantis. That's doubly true with a fatal accident as the source of its latest recall. This could lower public opinion of the company and affect sales. Is STLA Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Stellantis is Hold, based on three Buy, 10 Hold, and a single Sell rating over the past three months. With that comes an average STLA stock price target of $11.10, representing a potential 16.23% upside for the shares.

Business Wire

4 hours ago

• Business Wire

Press Release of June 20, 2025 Relating to the Availability of the Information Regarding the Legal, Financial and Accounting Characteristics of in Connection With the Tender Offer for the Shares of Verallia Initiated by the Company Kaon V

PARIS--(BUSINESS WIRE)--Regulatory News: This press release was prepared by Verallia and made available on June 20, 2025, in accordance with the provisions of Article 231-28 of the general regulation of the Autorité des marchés financiers (the ' AMF '). In the context of the tender offer initiated by Kaon V (the " Offer"), the document containing other information relating to the legal, financial and accounting characteristics of Verallia was filed with the AMF on June 19, 2025, and made available to the public on June 20, 2025, in accordance with the provisions of Article 231-28 of the AMF's general regulation. This document, which contains other information on Verallia's legal, financial and accounting characteristics, is available on the websites of Verallia ( and the AMF ( and may be viewed free of charge from Verallia's registered office (31 Place des Corolles, Tour Carpe Diem, Esplanade Nord, 92400 Courbevoie). Prior to the opening of the Offer, the AMF will publish a notice of opening and the timetable of the Offer, and Euronext Paris will publish a notice setting out the content of the Offer and specifying the timetable and terms of its completion. Disclaimer This press release has been prepared for information purposes only. It does not constitute an offer to the public and should not be considered as constituting any form of solicitation for the purchase or sale of financial securities. The distribution of this press release, the Offer and its acceptance may be subject to specific regulations or restrictions in certain countries. The Offer is not addressed to persons subject to such restrictions, either directly or indirectly, and is not intended to be accepted from any country where the Offer would be subject to such restrictions. This press release is not intended for distribution in such countries. Accordingly, persons in possession of this press release are required to inform themselves about and to comply with any local restrictions that may apply. Verallia declines all responsibility for any violation by any person of these restrictions. Expand This press release does not constitute a tender offer and is not intended for distribution in jurisdictions where the Offer would not be permitted. This document is an unofficial English-language translation of the press release which was published by Verallia on June 20, 2025. In the event of any discrepancies between this unofficial English-language translation and the official French press release, the official French-language press release shall prevail. Expand