Paragraph 2: Provisions applicable to the formation of a company dedicated to carrying out the project

The contribution made by the State, local authorities or other public bodies to the financing of investments may take the form of a minority shareholding in the capital of the licensee when the latter is set up as a company dedicated to carrying out the project. In this case, the articles of association of this project company specify the distribution of risks between the shareholders and the measures taken to…

The partnership contract sets out the conditions under which the owner’s shareholding may be changed, if the owner is incorporated as a company dedicated to the project. In particular, it sets out the procedures for informing the purchaser and, where applicable, the procedures for sharing the capital gain on the sale of the shares.