Posts tagged: Engie
Suez, the France-listed water and waste group, has come under the spotlight amid a fresh round of takeover speculation.
People following the situation have heard rumours Suez is "back in play".
However, it's not clear which company is circling Suez, said people following the situation.
Suez, though, has repeatedly been at the centre of takeover rumours over the last three years as its largest shareholder, Engie, has weighed buying the company outright...
Engie's chief executive, Isabelle Kocher, talked about buying Suez with the French government last year without telling her board, according to Bloomberg.
Today's piece caught my eye as I was scanning the Bloomberg terminal as Betaville reported a rather similar tale around the time Miss Kocher is said to have been talking to the French government about buying Suez. I have pasted the link to that piece below:..
French gas utility Engie has been working with bankers at Rothschild on a potential acquisiton of Suez.
Earlier this week, Bloomberg reported that Engie is talking to certain banks about a potential $19.8 billion purchase of German renewable energy company Innogy. French reports have subsequently played down the Bloomberg report, with BFM claiming Engie has no interest in being a minority shareholder. German utility company RWE owns a 76.8pc stake in Engie...