France Sold 4.56% of Engie Shares to Investors and Engie for EUR1.53 Billion
September 06 2017 - 05:23AM
Dow Jones News
The French government said late Tuesday that it sold 111 million
shares in Engie SA (ENGI.FR) to institutional investors and the
company itself for 1.53 billion euros ($1.82 billion).
The shares represent 4.56% of Engie's total capital.
France's state investment agency said it placed 99.9 million
shares at EUR13.80 each to institutional investors and sold 11.1
million shares to the energy company at the same price.
The government's stake in Engie has been reduced to 24.1% and
its voting rights to 27.6%. It remains Engie's main shareholder and
will continue to guide the group through its strategic
transformation.
Engie said the shares acquired will be used for employee savings
plans in a bid to involve staff in the company's transformation,
adding that this will also limit the dilution associated with the
operations.
Write to Barcelona Editors at barcelonaeditors@dowjones.com ;
translation by Marc Bisbal Arias marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
September 06, 2017 06:08 ET (10:08 GMT)
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