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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 |
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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