Hellman & Friedman steps back into energy

US-based private equity firm Hellman & Friedman has made its first investment in the energy sector for four years after agreeing to take a 30% stake in French marine engineering company Gaztransport & Technigaz.

Hellman & Friedman is paying €310m ($453.6m) for the stake, which was previously owned by power services group Saipem.

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