|Bid||12.53 x 0|
|Ask||12.78 x 0|
|Day's range||12.60 - 12.68|
|52-week range||11.32 - 14.38|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
LONDON/PARIS (Reuters) - French utility Engie and Portugal's EDP said on Tuesday they will invest 15 billion euros ($16.7 billion) with the aim of becoming the world's number two offshore wind developer after Denmark's Orsted. The two utilities, which have no operational offshore wind parks so far, said they will combine their offshore wind assets and project pipelines, starting with a total of 1.5 gigawatts (GW) under construction and 4 GW under development. "From day one, the JV will be among the top five players in this market," Engie CEO Isabelle Kocher said at a press briefing on the new joint venture in London.
The first French woman to run one of the country’s major companies would sell fossil fuel assets and invest the proceeds in renewable energy and sophisticated new services. As she enters the final 12 months of her first term as chief executive officer, Kocher has delivered the plan, but not the payoff. Returns to shareholders under her leadership are just a fraction of those from European rivals Iberdrola SA or Enel SpA, even lagging behind troubled power generator Electricite de France SA. Kocher is under growing pressure, both from investors and the French government, to show that her plan to transform the former gas monopoly into a clean power champion will boost profits.
(Reuters) - French utility Engie SA is considering a takeover of Emcor Group Inc, as it seeks to expand in the U.S. market, Bloomberg said on Saturday, citing people familiar with the matter. Engie is ...
A consortium led by French utility Engie has won a bid for Petrobras' TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie's presence in the fast-growing Brazilian market and helps Petrobras cut debts. Engie said on Monday its successful offer for a 90 percent stake in TAG was made alongside Canada's state-owned financial and investment firm Caisse de Dépôt et Placement du Québec, with more than $310 billion under management. Petrobras will keep the remaining 10 percent.
SAO PAULO/RIO DE JANEIRO (Reuters) - A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro SA, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close. In a filing, Petrobras, as the company is known, said the Engie consortium, which includes Canada's Caisse de Dépôt e Placement du Québec, presented an $8.6 billion bid for 90 percent of the TAG gas pipeline unit in northern and northeastern Brazil.
The field of prospective bidders for Dutch energy company Eneco has narrowed as initial interest from big electricity players including France's Engie and Austria's Verbund has fizzled out, sources close to the matter said. The 53 municipalities that currently own Eneco, estimated by analysts to be worth about 3 billion euros ($3.35 billion), said in December they would sell the company through an auction later this year. Austrian energy group Verbund said it would not be among them.
Utility Engie is poised to cut back its geographical spread of businesses and focus on grids and renewables in a 1 billion euro cost-cutting drive to bolster revenues, sources familiar with the matter said. Engie has been criticised for being too complex and conglomerate-like and CEO Isabelle Kocher is expected to address this in a 2019-2021 corporate strategy plan to be announced next Thursday, when the company also releases 2018 results. Two sources with knowledge of the company's plans said Kocher was likely to scale back the number of countries Engie operates in - it is present in some 70 countries - notably in central Europe.
PARIS (Reuters) - French gas and power group Engie is preparing to present a cost-cutting plan next week aimed at boosting profits by one billion euros (869 million pounds), French business newspaper Les ...
Staff at French oil and gas giant Total have been told it is moving its trading operations from London to Geneva in September in a move affecting 200 jobs, Sky News understands. The company declined to comment on the numbers but did acknowledge that it was planning to consolidate trading and marketing activities currently split between London, Paris and Geneva. In a statement issued to Sky News, it said Brexit was "not at all" a factor in the move.
PARIS, France (Reuters) - Belgian nuclear regulator AFCN said on Friday it has authorised Engie Electrabel, a unit of France's Engie (ENGIE.PA) to restart its Doel 2 nuclear reactor after a cooling pipe ...
Belgium's Engie Electrabel (ENGIE.PA) has extended the outage at its Doel 1 nuclear reactor to March 15 for repairs on a water leak, the company said on Tuesday. Reactors Doel 1 and 2 near Antwerp were scheduled to halt production in 2015 but the Belgian government subsequently extended their lives by 10 years. Both reactors have been offline since April after a leak in Doel 1's water cooling system was discovered.
The French government said on Sunday it had asked utility Engie to take hedging positions to ensure gas prices do not rise until June next year. Unlike power prices, which typically move once a year, gas prices move every month in France and are set using a formula that takes into account production costs. Many French governments have postponed tariff increases to protect consumers and their own approval ratings in the past, but legally the government has no authority to set prices.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- ENGIE, Predica Prévoyance Dialogue du Crédit Agricole and Omnes ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Investment fund manager CVC Capital Partners to acquire pharmaceutical ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Deutsche Telekom to acquire Swedish peer Tele2's Dutch unit and ...
BRUSSELS, Nov 26 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. asset manager Blackstone Group ...
France's CRE energy market regulator on Friday recommended a 2.4 percent drop in regulated gas tariffs, paid by around 4.6 million residential customers in France to Engie (ENGIE.PA), as from Dec. 1. The CRE, which recommends regulated gas and electricity tariffs to the government for a final decision, said the proposed decrease was due to a fall in import prices in wholesale markets for the first time in six months. Regulated gas prices are expected to end by 2023 after a decision by France's highest administrative court last year that the CRE-fixed tariffs hurt competition and were against EU regulations.
French gas utility Engie SA (ENGIE.PA) said on Monday it will relocate its Asia-Pacific headquarters to Singapore from Thailand's capital Bangkok next year and plans to more than double its workforce in the region over the next decade. Engie currently employs about 4,000 staff in the Asia-Pacific, which contributes $3 billion (2.34 billion pounds)to its global revenues, the company said in a statement. "Singapore is a natural choice for us as we grow our footprint in this region," said chief executive of Engie Asia-Pacific Paul Maguire, adding that many of the firm's customers were based in the city-state, with businesses across the region.
Belgium's energy production is plunging as its nuclear reactors are taken offline for repairs, with the power shortfall this winter seen as a test of the country's ability to cope when the reactors are phased out from 2022. Four nuclear reactors at Doel near Antwerp and three at Tihange in Liege, all operated by Electrabel, part of France's Engie, produce about half of Belgium's electricity when they are fully operational.