Thursday, September 21, 2017

Engie Not Interested in Innogy

Posted by March 14, 2017

French gas and power group Engie is not interested in making a bid for German energy group Innogy, French BFM TV reported on its website, quoting a source close to Engie.

Innogy shares rose and Engie stock fell on Tuesday following a report by Bloomberg late on Monday saying Engie was weighing a bid for networks, renewables and retail group Innogy, in which German utility RWE (RWE.F) holds a 76.8 percent stake.
"We have no interest in being a minority shareholder in a big company that already has a controlling shareholder," BFM quoted the source as saying.
Engie declined to comment.

(Reporting by Geert De Clercq and Benjamin Mallet; Editing by Adrian Croft)

Related News

Marine Technology ENews subscription

World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.

Subscribe to World Energy News Alerts.

Press Releases