JPMorgan Eyes $4.4B Deal for French Cooling Network Provider Idex

JPMorgan Chase & Co.'s asset management unit is reportedly close to finalizing a deal to purchase Idex, a French heating and cooling network operator owned by Antin Infrastructure Partners SA. The estimated value of the deal is around €3.8 billion ($4.4 billion) including debt.

The acquisition could be announced in the coming days, according to sources familiar with the matter who asked not to be identified discussing confidential information.