ACQUISITION

Major step in ENGIE’s transformation to reach its ambition to be leader of the world energy transition

By ENGIE - 25 February 2016 - 10:06

ENGIE achieves today a major step in the implementation of its transformation plan to redesign and simplify its portfolio, by acquiring OpTerra in energy services and selling 13 GW (1) of power generation assets, of which 10 GW exposed to commodity prices in the United States and two coal-fired power plants (3 GW (2)) located in India and Indonesia. The impact of these disposals is a net debt reduction of €5.5 billion.

About ENGIE

ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 154,950 people worldwide and achieved revenues of € 69.9 billion in 2015. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (Eurozone 120, Europe 120 and France 20).

 

  • Press contact:
    Tel. France : +33 (0)1 44 22 24 35
    Tel. Belgique : +32 2 510 76 70
    E-Mail : engiepress@engie.com
  • Investor Relations contact:
    Tel. : +33 (0)1 44 22 66 29
    E-Mail : ir@engie.com

We would like to know what you think about our content. Please, help us improve it by takin this survey.