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ENGI Engie

15.85
0.105 (0.67%)
07 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Engie EU:ENGI Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.105 0.67% 15.85 15.79 16.00 15.95 15.75 15.85 5,504,242 16:40:00

GTT Shares Fall on Engie Stake Reduction

26/05/2021 10:20am

Dow Jones News


Engie (EU:ENGI)
Historical Stock Chart


From Feb 2020 to Feb 2025

Click Here for more Engie Charts.
   By Mauro Orru 
 

Shares in Gaztransport et Technigaz, or GTT, fell Wednesday after Engie SA divested part of its stake in the company.

The French utility company sold a 10% stake in GTT, raising about 248 million euros ($303.8 million) through a private placement, and now owns around 30% of the engineering company.

At 0850 GMT, GTT shares traded 5.9% lower at EUR67.85.

Engie also priced exchangeable bonds with a maturity of three years for an aggregate nominal amount of EUR290 million, which could further slash its stake in GTT to around 20% if the bonds are exchanged in full.

"Today's announcement is in line with Engie's strategic plan towards simplifying the group and its investor proposition through exiting non-core activities. GTT is an innovative and high performing business, and as a major shareholder Engie has benefited from GTT's continuing strong growth over the years," Engie Chief Executive Catherine MacGregor said.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

May 26, 2021 05:20 ET (09:20 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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