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28/11/2020
08:20
Energiser Investments Daily Update: Energiser Investments Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker ENGI. The last closing price for Energiser Investments was 0.65p.
Energiser Investments Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 1.05p while the 1 year low share price is currently 0.53p.
There are currently 61,162,956 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Energiser Investments Plc is £397,559.21.
27/11/2020
15:37
waldron: Veolia Environnement SA's deal to buy a 29.9% stake in Suez SA from Engie SA has been in the works since late August, but the process has been anything but smooth. French waste-and-water-management company Veolia bought the stake in its peer from energy company Engie with its second bid. But Suez has been opposed from the beginning and a legal wrangle has ensued. On Nov. 19, court bailiffs seized documents from the offices of Veolia and Engie, as well as investment firm Meridiam, as part of a court order requested by Suez. Timeline August 2020 At the end of August, Veolia launched an initial bid for the 29.9% stake at 15.50 euros ($18.47) a share. Engie had previously initiated a strategic review that included a possible sale of its Suez stake, which meant Veolia's bid was considered likely to succeed. Analysts at Bryan Garnier said that it made sense for Engie to divest its Suez stake as part of wider streamlining, and that the acquisition would boost Veolia's international profile. September 2020 Suez, however, was opposed from the beginning of the deal. Management expressed its opposition to Veolia's approach in September, characterizing the bid as "hostile." Suez said the offer undervalued the company, and that it had concerns over antitrust issues and potential job cuts. On Sept. 17, Engie said it wouldn't accept the offer under the initial terms, but would be open to an improved offer. As expected, on Sept. 30, Veolia increased its bid to EUR18 a share, valuing the 29.9% stake at around EUR3.4 billion. October 2020 On Oct. 5, Veolia said Engie had accepted the offer. As part of the offer, Veolia would guarantee job security for all Suez employees in France, while Meridiam would acquire Suez's French water-activities arm to preserve competition after analysts raised the prospect of potential antitrust issues. Suez continued to oppose the deal, warning of "several serious anomalies" in the bid in a letter to French Finance Minister Bruno Le Maire. It also voiced support for a rival bid from private-equity firm Ardian, which had expressed interest in buying the stake from Engie. A twist came on Oct. 9, when a French court ordered the suspension of the stake purchase. The legal reasoning behind the suspension, requested by Suez, was that the company's social and economic committees hadn't been consulted over the deal. Veolia called the decision "incomprehensible" and "grotesque," arguing that only Suez management had the capability to organize such a consultation, and that its failure to do so was born of its opposition to the deal. Veolia said it would appeal the decision. November 2020 Early in November, Veolia confirmed that it still intended to make a full takeover bid for Suez, offering the same EUR18 a share price for the remaining share capital. It said the bid would be launched when the Suez board of directors showed itself amenable. Suez responded by noting the lack of a takeover offer to date, saying the only approach had been via media reports. Suez stressed that any takeover offer would have to reflect the company's value, as well as set out the detail of the combination and any asset sales. In an apparent further setback, Suez said on Nov. 19 that the Paris Court of Appeal had confirmed the earlier decision suspending the effects of the stake purchase. Since no committee consultation had been carried out before the deal was finalized on Oct. 5, the effects of the sale remained suspended until that took place, according to the ruling, Suez said. "Effects" in this context seems mostly to refer to the voting rights conferred on Veolia as holder of a stake in Suez. The company added that it had not received the necessary information from either Veolia or Engie to carry out the relevant employee consultations. For its part, Veolia insisted that Suez had told the court that it had finalized the consultation on Nov. 5, and that since the consultation period was three months, it would recover all its rights relating to the stake purchase on Feb. 5 at the latest. Suez, however, disputed this, arguing that the starting date for the consultation hadn't been fixed. The legal developments took a further twist on Nov. 26, when court bailiffs entered the offices of Engie, Veolia and investment firm Meridiam to seize documents relating to the deal, according to media reports. According to the reports, the court order was requested by Suez, which apparently suspected collusion between Veolia, Engie and Meridiam. Suez is also said to suspect that Meridiam's purchase of Suez Eau was agreed as early as July, even before Engie Chairman Jean-Pierre Clamadieu announced the company was considering selling its stake in Suez. What's Ahead Not only do the bones of contention remain unresolved, there isn't yet any agreement between the parties as to when they will be. Veolia says early February is the latest possible end to the consultation period Suez is insisting on; Suez disagrees. If and when these issues are resolved, Veolia will launch a full takeover bid for its peer. As for the document seizure, Veolia, Engie and Meridiam have the right to request a counter-judgment to the court order, in which case the documents seized would be held pending further legal developments, according to French law. Write to Joshua Kirby at Joshua.Kirby@dowjones.com (END) Dow Jones Newswires November 27, 2020 09:44 ET (14:44 GMT)
02/10/2020
06:59
grupo: thenational.ae Engie given more time to weigh up $4bn offer for Suez stake Suez has opposed Veolia's proposal and backed an alternative approach from private equity firm Ardian SAS A sign above Veolia's headquarters in Paris. The company has bid $4bn to buy a stake in Suez from Engie. Engie has been given longer to consider the offer and has received interest from rival bidders. Bloomberg A sign above Veolia's headquarters in Paris. The company has bid $4bn to buy a stake in Suez from Engie. Engie has been given longer to consider the offer and has received interest from rival bidders. Bloomberg Engie pushed back the deadline for accepting Veolia's €3.4 billion ($4bn) bid for most of its stake in Suez, though there was little sign the delay would ease the tensions between the French corporate giants. The extension to October 5 gives Veolia extra time to formalise talks with Suez, potentially allowing for a friendlier acquisition. But Suez has shown scant inclination to engage in discussions, saying on Thursday it backed an alternative approach from private equity firm Ardian SAS – one that Engie has already brushed aside. The wrangling over the sale of the 29.9 per cent stake – and eventual planned takeover – has continued for a month, with Veolia pushing to create a waste and water utility with more than €40bn in sales, while Suez has done all it can to thwart the proposal. The French government, which holds 24 per cent of Engie, has appealed for calm as it seeks to avoid an acrimonious acquisition battle between two of the nation’s largest companies. Veolia on Wednesday raised its bid by 16 per cent and offered employment guarantees in an effort to persuade Engie to sell the Suez shares. Engie’s board said the new price was in line with expectations, but it was still unwilling to go through with the deal. “There is room for discussion,” Engie chairman Jean-Pierre Clamadieu told reporters late on Wednesday. “We wish that both parties take the opportunity of this period to talk so that conditions of a friendly offer be met.” Suez has fought hard to rebuff the approach. Last week it sought to frustrate Veolia’s plans by creating a so-called poison pill, making antitrust issues more complicated for its suitor. The utility has also attempted to assemble a competing offer for Engie’s stake. Ardian said on Thursday it had sent Engie a letter of intent to buy the Suez shares, and planned to put together a group of public and private investors – mostly French – to submit a friendly takeover offer. While Suez’s board supported the move, Mr Clamadieu said that Engie had received only a vague expression of interest, which lacked a price, details of the bidders or their funding. The time for considering rival offers has passed, he said. Veolia said on Wednesday it would make a tender offer for the remainder of Suez’s shares if Engie accepted its bid, but only on a friendly basis. The company proposed a period of six months for negotiations between the two sides to reach an agreement. If talks fail after that time, Veolia would present its offer direct to all shareholders, chief executive Antoine Frerot said. Updated: October 1, 2020 09:36 PM
01/10/2020
19:48
waldron: Commodities News Show Guests Cannabis News Oil Gold Silver Commodities Videos Canopy Growth to distribute pot-infused beverages in U.S. next year Smiths Falls, Ont.-based Canopy Growth plans to launch its portfolio of cannabis-infused beverages in select U.S. markets next year as the pot giant aims to give U.S. pot consumers a new product format to try. BNN Bloomberg's David George-Cosh has the details. Add to Playlist Now Showing Canopy Growth to distribute pot-infused beverages in U.S. next year Canopy Growth to distribute pot-infused beverages in U.S. next year Up Next Legal pot market making inroads against illicit competition, OCS data shows Legal pot market making inroads against illicit competition, OCS data shows Important for First Nations people to 'keep pace' with industry: Natural Law Energy CEO Important for First Nations people to 'keep pace' with industry: Natural Law Energy CEO BNN Bloomberg's afternoon market update: October 1, 2020 BNN Bloomberg's afternoon market update: October 1, 2020 Pay off student loans and set a saving goal before planning to buy a home: Financial advisor Pay off student loans and set a saving goal before planning to buy a home: Financial advisor Continuous Play: ON OFF Commodities News Wire Company News Investing 3h ago Engie Pushes Back Deadline for Sale of Suez Stake to Veolia Francois de Beaupuy, Bloomberg News An Engie SA logo sits on display at the French energy giant’s Crigen gas, new energy and emerging technology research and development center in Stains, France, on Tuesday, Sept. 22, 2020. Veolia Environnement SA last month offered to buy 29.9% of Suez SA from French utility Engie for 2.9 billion euros ($3.4 billion), the first step to taking full control. Photographer: Cyril Marcilhacy/Bloomberg An Engie SA logo sits on display at the French energy giant’s Crigen gas, new energy and emerging technology research and development center in Stains, France, on Tuesday, Sept. 22, 2020. Veolia Environnement SA last month offered to buy 29.9% of Suez SA from French utility Engie for 2.9 billion euros ($3.4 billion), the first step to taking full control. Photographer: Cyril Marcilhacy/Bloomberg , Bloomberg (Bloomberg) -- Engie SA pushed back the deadline for accepting Veolia Environnement SA’s 3.4 billion-euro ($4 billion) bid for most of its stake in Suez SA, though there were limited signs the delay would ease the tensions between the French corporate giants. The extension to Oct. 5 gives Veolia extra time to formalize talks with Suez, potentially allowing for a smoother acquisition. But Suez has shown scant inclination to engage in discussions, saying Thursday it backed an alternative approach from private equity firm Ardian SAS -- one that Engie has already brushed aside. Suez Chairman Philippe Varin will talk with Veolia to get clarification on its project, which has “real flaws,” he said in an interview with Agence France-Presse Thursday. Ardian’s plan “will rapidly progress and reach maturity,” though getting a firm commitment in five days “would be a very ambitious target,” he told AFP. The wrangling over the sale of the 29.9% stake -- and eventual planned takeover -- has continued for a month. Veolia is pushing to create a waste and water utility with more than 40 billion euros in sales, while Suez has done all it can to thwart the proposal. The French government, which holds 24% of Engie, has appealed for calm as it seeks to avoid an acrimonious acquisition battle between two of the nation’s largest companies. Veolia on Wednesday raised its bid by 16% and offered employment guarantees in an effort to persuade Engie to sell the Suez shares. Engie’s board said the new price was in line with expectations, but it was still unwilling to go through with the deal. “There is room for discussion,” Engie Chairman Jean-Pierre Clamadieu told reporters late on Wednesday. “We wish that both parties take the opportunity of this period to talk so that conditions of a friendly offer be met.” Suez has fought hard to rebuff the approach. Last week it sought to frustrate Veolia’s plans by creating a so-called poison pill, making antitrust issues more complicated for its suitor. The utility has also attempted to assemble a competing offer for Engie’s stake. Ardian Approach Ardian said Thursday it had sent Engie a letter of intent to buy the Suez shares, and planned to put together a group of public and private investors -- mostly French -- to submit a friendly takeover offer. While Suez’s board supported the move, Clamadieu said that Engie had received only a vague expression of interest, which lacked a price, details of the bidders or their funding. The time for considering rival offers has passed, he said. Veolia said Wednesday it would make a tender offer for the remainder of Suez’s shares if Engie accepted its bid, but only on a friendly basis. The company proposed a period of six months for negotiations between the two sides to reach an agreement. If talks fail after that time, Veolia would present its offer direct to all shareholders, Chief Executive Officer Antoine Frerot said. Suez shares closed 2.2% higher at 16.15 euros in Paris Thursday, less than the 18 euros a share offered by Veolia. Veolia added 0.6%, while Engie gained less than 0.1%. (Updates Suez Chairman comments in third paragraph.)
01/10/2020
12:11
grupo: Suez Supports Ardian Plan to Launch Takeover Bid for Company 01/10/2020 12:52pm Dow Jones News Veolia Environnement (EU:VIE) Intraday Stock Chart Thursday 1 October 2020 Click Here for more Veolia Environnement Charts. --Suez says it supports France-based Ardian's approach to shareholder Engie for a 29.9% stake in the waste-management company --The development came a day after rival Veolia Environnement made an increased bid to Engie for the same stake --Engie looks set to accept Veolia's fresh offer, according to Jefferies analysts By Joshua Kirby Suez SA has backed private-equity firm Ardian's plan to launch a takeover bid for the company, the latest development in a story that this week saw Veolia Environnement SA increase its bid for Engie SA's shares in Suez as part of its plan to take over its rival. "Both Suez's board of directors and its employee shareholders confirm their support for the letter of intent issued and made public today by Ardian in a press release, for the acquisition of a 29.9% stake of Engie's shares in Suez, and the all-cash takeover bid that would immediately follow for all Suez shareholders, under the same treatment conditions," the French waste-management company said Thursday. The statement comes after France-based Ardian said it had informed Engie of its interest in acquiring a 29.9% stake in Suez from the energy company, adding that it wanted to form a consortium of mostly French private and public institutional investors to launch a friendly offer for Suez. On Wednesday, Engie seemed closer to selling the 29.9% stake to Veolia, after the latter increased its offer by 16% to 18 euros ($21.10) a share from EUR15.50 in the initial offer. Engie welcomed the renewed offer, which values the stake at EUR3.4 billion, saying it was in line with expectations regarding price and social guarantees, and adding that it would make a decision by Oct. 5. Suez has opposed the approach from Veolia, saying that the terms of the new offer are vague and don't guarantee the interests of shareholders and stakeholders. The new bid from Veolia may, however, be too good to refuse for Engie, according to analysts at Jefferies. The 18-euro-a-share offer represents a 50% increase on Suez's share price on Aug. 28, just before the announcement of the initial bid, Jefferies said. "We see the price offered by Veolia as very attractive and believe Engie will find it difficult to refuse, particularly given its ambitions to invest in green energy," Jefferies said. The U.S. bank added that acceptance could lead to a friendly merger, given Veolia's concessions to Suez, including full employment in France and integration of Suez executives into the larger group. Veolia also promised to make a tender offer for the remaining 70.1% of Suez on a friendly basis. Suez has been holding out for Veolia to make an offer for 100% of the company. It is unclear whether the EUR18 offered by Veolia for each Suez share would be a reference price in any subsequent tender offer for the remaining shares, Jefferies said. Write to Joshua Kirby at joshua.kirby@dowjones.com (END) Dow Jones Newswires October 01, 2020 07:37 ET (11:37 GMT)
23/9/2020
07:49
grupo: Https://www.eureporter.co/business/2020/09/23/why-is-engie-ceo-jean-pierre-clamadieu-in-a-hurry-to-sell-off-suez/ Business Why is Engie CEO Jean-Pierre Clamadieu in a hurry to sell off Suez? Published 4 mins ago on September 23, 2020 By Business Correspondent In the battle to ward off a hostile takeover from long-term rival Veolia, Suez is raising the stakes. The French waste and water management company announced that its strategy to improve the firm’s financial performance was paying off sooner than expected. As a consequence, Suez shareholders can look forward to €1.2 billion in exceptional dividends by early 2021. The strategy was implemented last year, but the timing of the announcement is hardly a coincidence, coming mere days after Engie – which holds a 30 percent stake in Suez – rejected Veolia’s offer to buy out the stake at €15.50 per share, or a total of €2.9 billion on September17th. Engie’s CEO Jean-Pierre Clamadieu made it abundantly clear that Veolia’s bid was too low and called on the utilities provider to raise its offer, insisting that the “value of Suez is higher than the basis of these discussions.” The rejection itself may not be the biggest news, however. More interesting is what can be read between the lines, specifically Clamadieu’s evident urgency that Veolia offer a new bid as soon as possible while calling on Suez to respond with a counter-offer – fast. The Engie CEO repeatedly stressed that any alternative bid would be considered carefully, assuming it could be “implemented rapidly”, and even offered an extension to Veolia for a new offer if need be. If Engie’s signalling to both bidders that the clock is ticking was unequivocal, then that’s only because time is running out for Clamadieu as well. By rejecting Veolia’s bid and calling on Suez, it’s become evident that the Engie leadership is hoping to force a deal rather sooner than later. Indeed, after years of loss-making and continually falling operating profits, the Covid-19 pandemic left the company cash-strapped and is most likely the main driver behind Clamadieu’s decision to divest from some of Engie’s subsidiaries to reap the benefit of short-term financial windfalls. Herein lies the rub – to get Engie’s finances back in order, Clamadieu seems willing to make a risky bet that’s resting on the assumption that a quick bidding war is the best way to maximize returns. But maximizing returns takes time as both contenders need to be given ample opportunity to escalate their bids. The emphasis on urgency is putting the pressure on Suez to react within a short period of time – Veolia’s offer expires September 30th – leaving the firm mere days to raise funds for a credible counter-offer. With the clock ticking fast, Clamadieu’s gamble may well backfire and force him to sign off on a deal that remains behind Engie’s expectations – but one that would most definitely make Veolia happy. As such, the gambit raises broader questions about Jean-Pierre Clamadieu’s strategy, as well as his leadership. It’s important to note that Clamadieu was hailed as a fine and discreet business strategist when he became Engie CEO this February following a boardroom coup that saw the luckless former CEO Isabelle Kocher getting the sack. But in revealing the risky short-terminism in his thinking, Clamadieu isn’t doing himself any favours, particularly where his other leading business positions are concerned. Take his role in French insurance company Axa, where he has held the Senior Independent Director position since April 2019. The insurance giant is facing down its own share of Covid-induced troubles after a Paris court ruled that the firm must cover a restaurant owner’s coronavirus-related revenue losses. The ruling set a ground-breaking precedent for businesses in the gastronomy sector, with the insurer now in talks with more than 600 establishments over financial settlements. With Axa potentially in for millions of extra payments, a long-term strategy to keep the company profitable is required. In his role as Independent Director and member of the Compensation and Governance Committee, Clamadieu is holding significant responsibility in determining the company’s direction, but considering the gamble with Suez, Axa’s leadership would be justified in asking questions about his suitability to serve in a leading role in insurance – an industry that by definition deals in long-term assessments. These trying times call for a steady hand and a thorough long-term strategy. Whether Clamadieu’s gamble will pay off remains to be seen, but if history is a lesson to be learned, the desire for short-term windfalls always loses out to long-term thinking.
21/2/2020
09:54
the grumpy old men: ENGIE : Africa brings Off-Grid Power to over 4 Million People, establishing its Position as Market Leader on the Continent share with twitter share with LinkedIn share with facebook share via e-mail 0 02/18/2020 | 09:51am GMT NAIROBI, Kenya -- ENGIE Africa (hxxp://www.ENGIE-Africa.com) is pleased to announce that it has successfully accelerated the Access to Energy (A2E) strategy that it launched in 2018. ENGIE has achieved this through the development of its three A2E off-grid energy solution companies: Fenix International, ENGIE Mobisol, and ENGIE PowerCorner. With these three innovative entities, ENGIE Africa is bringing decentralized electricity to more than four million people in nine countries (Uganda, Zambia, Kenya, Tanzania, Rwanda, Nigeria, Benin, Côte d'Ivoire, and Mozambique). This growth is in line with the Group's ambition to reach millions of households and businesses with clean, distributed energy across Africa. Fenix, which was acquired by ENGIE in 2018, expanded its operations significantly in 2019. To date, it has sold more than 700,000 solar home systems that power 3.5 million people in rural communities across six countries. Now employing 1,200 full-time team members, Fenix launched sales in Mozambique in June 2019. In the last month, the company has reached milestones in multiple markets, with 150,000 solar home systems sold in Zambia, 50,000 sold in Benin, and 20,000 sold in Côte d'Ivoire. ENGIE complemented its range of solar home system solutions by finalizing the acquisition of Mobisol in October 2019. The higher capacity (40--200W) of ENGIE Mobisol's products offers consumers access to modern energy services and appliances to establish solar-powered small businesses. ENGIE Mobisol has operations in Tanzania, Rwanda and Kenya, and has installed more than 150,000 solar home systems, providing clean and reliable energy to 750,000 people and counting in East Africa. Mini-grid developer and operator ENGIE PowerCorner now has 13 mini-grids in operation across two countries (Tanzania and Zambia), serving 15,000 beneficiaries. It is constructing new mini-grids in Uganda (in joint venture with Equatorial Power), Benin and Nigeria, with the aim to triple its number of customers this year. ENGIE PowerCorner focuses on powering income-generating activities and productive usages, thus contributing to the increase of the economic welfare of its rural customers. Fenix's inclusive solar home systems for household usages, combined with ENGIE Mobisol's focus on larger households and small business appliances, together with ENGIE PowerCorner's focus on income-generating activities and small-scale industries, enables ENGIE to offer affordable energy products and to extend its customer base from rural to urban areas. Yoven Moorooven, CEO of ENGIE Africa, says: "We strongly believe in the huge potential of the off-grid electrification sector and that it will be instrumental in rapidly and cost-effectively bridging energy gaps across Africa. We will build upon our successes to sustain and meet our long-term ambition of impacting tens of millions of lives across Africa. ENGIE has an important role to play in industrializing and scaling up the off-grid solar business. We are keen to offer the lowest cost and best quality Access to Energy solution that addresses our customers' needs." ENGIE is expanding its offerings beyond electricity provision, integrating cost-effective and tailor-made solutions "as a service" to accompany customers every step of the way. This expansion links energy access to other products and services: internet, water, productive appliances, clean cooking, financial services and products. Universal electrification is the seventhof the United Nations Sustainable Development Goals that the global community has committed to achieve by 2030. ENGIE is confident that universal access to energy is achievable in the foreseeable future, through smart investments in a combination of national grid extension, solar home systems and mini-grids. Distributed by APO Group on behalf of ENGIE. Media Contact: Tel.: +32 478 36 20 91 Email: katja.damman@engie.com About ENGIE Africa: ENGIE (Https://www.ENGIE.com/) is the largest independent electricity producer in the world, and one of the major players in natural gas and energy services. The Group has more than 50 years of experience on the African continent and has the unique ability to implement integrated solutions all along the energy value chain, from centralized electricity production to off-grid solutions (solar home systems, mini-grids) and energy services. ENGIE Africa employs nearly 4,000 people, and has 3.15 GW of power generation capacity in operation or construction. It is a leader in the decentralized energy market, providing clean energy to more than four million people through domestic solar installations and local microgrids.
07/12/2019
07:51
ariane: ENGIE : acquires Renvico and strengthens its growth in wind energy in Italy and in France share with twitter share with LinkedIn share with facebook share via e-mail 0 12/05/2019 | 04:51pm GMT Press release 5 December 2019 ENGIE acquires Renvico and strengthens its growth in wind energy in Italy and in France ENGIE announces the acquisition of Renvico from Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 4, and from KKR with its co-investors. The onshore wind installed capacity of the Renvico comprises 329 MW of operating wind farms of which 142 MW in Italy and 187 MW in France. Renvico further develops a greenfield portfolio of 300 MW. Gwenaëlle Avice-Huet, ENGIE's Executive vice president in charge of Renewable Energy said: "This acquisition will contribute to ENGIE's growth ambitions, adding 9 GW worldwide by 2021, of which 3 GW in Europe. In France, this transaction will allow ENGIE to strengthen its onshore wind leadership, with a 2.1 GW installed capacity at the end of 2018. In Italy, ENGIE will double its onshore wind installed capacity, to reach more than 300 MW. ENGIE already supplies 100% green electricity for 2,9 million clients in France and 1 million clients in Italy. This new portfolio brings also an additional 300 MW capacity to be developed. It's a corner stone of our ambition to accelerate the zero carbon transition of our clients." In France, ENGIE is the leading producer of wind (2 100 MW) and solar power (1 200 MWp), and the leading alternative producer of hydropower energy (3 900 MW). ENGIE's renewable activities employ 2,500 staff. In Italy, ENGIE is the first operator for energy efficiency services. It currently employs 3,600 staff, managing the energy of 1 million customers, over 300 municipalities, 10,000 buildings and 3,500 schools. ENGIE provides also electricity and gas. The completion of the transaction is subject to Antitrust and Foreign Investment clearances. ENGIE Headquarters engie.com Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La Défense cedex - France ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS - RCS NANTERRE 542 107 651 - Tel. +33 (0)1 44 22 00 00 About ENGIE Our group is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the zero carbon transition "as a service" for our customers, in particular global companies and local authorities. We rely on our key activities (renewable energy, gas, services) to offer competitive turnkey solutions. With our 160,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. Turnover in 2018: 60.6 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). ENGIE HQ Press contact: Investors relations contact: Tel. France: +33 (0)1 44 22 24 35 Tel.: +33 (0)1 44 22 66 29 Email: engiepress@engie.com Email: ir@engie.com ENGIEgroup ENGIE Headquarters engie.com Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La Défense cedex - France ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS - RCS NANTERRE 542 107 651 - Tel. +33 (0)1 44 22 00 00 Attachments Original document Permalink Disclaimer Engie SA published this content on 05 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2019 16:50:04 UTC share with twitter share with LinkedIn share with facebook
06/12/2019
10:29
adrian j boris: Engie's haircut weakens its CEO - DJ Plus Engie (EU: ENGI) Intraday Chart of the Action Today: Friday 6 December 2019 More charts from the Engie Bursary Olivier Pinaud, Agefi PARIS (Agefi-Dow Jones) - "The market has understood that Engie has a distinct position," Engie CEO Isabelle Kocher said recently in an interview with Agefi-Dow Jones. Part of the energy group's board of directors is clearly not sharing his opinion. Thursday, the leader had to step into the slot in Le Figaro to defend his record as several directors of the group campaign behind the scenes for the non-renewal of his term in May, as revealed by BFM Business Wednesday. Isabelle Kocher is strongly opposed to the sale of the gas infrastructure of the energy group pushed by part of its board. "Gas infrastructures are very important, they are part of our DNA, they are more and more international and we are preparing them for the gradual greening of gas," the director general told Le Figaro. Analysts at Oddo BHF have a different opinion. "Engie's gas infrastructures are regulated activities that are growing at a slower pace than the rest of the group, and their sale, even partial, could accelerate Engie's growth profile, with the implementation of a reinvestment strategy for activities with high potential ", explains Oddo BHF. A spin-off of assets that Isabelle Kocher initiated when she took over at the helm in 2016 by selling Engie's energy markets activities to reinvest in growing businesses, such as renewables, or less capital intensive, such as Services. The question of the future of gas infrastructure According to Oddo BHF, the gas infrastructure, which includes four companies (GRDF, GRTgaz, Elengy and Storengy), represents an enterprise value of 33 billion euros. Once retired from debt and minority interests, which are important at GRTgaz and Elengy, these assets represent a potential equity pool of € 13.7 billion. The question of the future of gas infrastructure, including the sale of part of the capital is anything but a surprise since the Pact law included an article on the privatization of GRTgaz, hides a deeper debate on the strategy led by the team Isabelle Kocher and its effects on the share price. "Some want to make short-term stock market performance the alpha and the omega of a strategy," laments the leader in Le Figaro, emphasizing the performance of the title since the beginning of the year: + 15%. Yet the balance sheet does not plead in his favor. Engie does less well than all his great European counterparts. Since the beginning of the year, Portuguese EDP has gained 19%, Spanish Iberdrola 24% and Italian Enel 32%. Same comparison and same result since May 2016, date of the arrival at the controls of Isabelle Kocher: Engie gained a very small 1%, when EDP took 15%, Iberdrola 39% and Enel 70%. As a result, according to Morgan Stanley analysts, the Engie stock currently trades at around 11 times the estimated earnings per share for 2021, "at a discount of 20% compared to comparable integrated utilities". Faced with these figures, some administrators push for an electroshock. To defend herself, Isabelle Kocher points out that rumors of dissension with her board "suggest that in one company there could be a management strategy on the one hand and the strategy of the board of directors on the other, whereas definition is the board that validates the company's strategy ". Developed by Isabelle Kocher and her teams, the three-year plan presented last February has been validated by the board. In this maelstrom, and while the unions are expressing concerns about a possible dismantling of the group, the state, the largest shareholder of Engie with 23% of the capital, is strangely silent. Already bogged down in EDF's difficulties, the government was counting on a rebound in the Engie share price to sell shares and fuel the innovation fund. At 14.56 euros Friday morning, the title Engie is barely higher than the price of 13.80 euros which he had sold for the last time shares of the energy group in September 2017. Thursday, the compensation and governance council of Engie met. When asked by L'Agefi, the group did not make a statement. -Olivier Pinaud, The Agefi. ed: ECH Agefi-Dow Jones The financial newswire (END) Dow Jones Newswires December 06, 2019 03:35 ET (08:35 GMT)
10/10/2019
11:44
maywillow: ENGIE : and Anglo American to co-develop renewable hydrogen solution to decarbonize the mining industry share with twitter share with LinkedIn share with facebook share via e-mail 0 10/10/2019 | 12:36pm BST Press release 10 October 2019 ENGIE and Anglo American to co-develop renewable hydrogen solution to decarbonize the mining industry ENGIE, leader of the zero-carbon transition and Anglo American, leading global mining industry player, announced today their agreement to co-create and fuel the first hydrogen- powered mining haul truck. This project is part of ENGIE's strategy to promote renewable hydrogen to help its customers decarbonize their operations. It is aligned with Anglo American's initiatives towards mining with zero climate impact. This collaboration between the two companies marks the first time a truck of this size and load capacity (300 metric tons) will be converted to run on hydrogen. ENGIE will provide the hydrogen generation solutions while Anglo American will develop the truck. The modifications to the existing truck include replacing the diesel tank with hydrogen tanks, and replacing the engine with hydrogen fuel cells and a battery pack. The hydrogen will be provided by the solar power generation capacity at the mining site. First motion of the hydrogen powered truck is expected in 2020, followed by a testing and validation program at Anglo American's Mogalakwena Platinum Group Metals mine in South Africa, after which additional trucks are expected to be rolled out at other Anglo American operations. "We are delighted to join forces with Anglo American to design the first solution that aims to decarbonize heavy-duty mobility in the mining sector. This is part of ENGIE's strategy to develop industrial-scalehydrogen-based solutions to help our energy-intensive customers in their journey to carbon neutrality," said Mich�le Azalbert, CEO of ENGIE's Hydrogen Business Unit. Tony O'Neill, Technical Director of Anglo American, commented: "We are extremely pleased to be partnering with ENGIE, and we look forward to developing and implementing this step- change technology." The mining sector operates in challenging conditions and represents a high portion of the global energy consumption. Jointly developing the hydrogen-powered truck is the first step to ENGIE Headquarters engie.com Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La D�fense cedex - France ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS - RCS NANTERRE 542 107 651 - Tel. +33 (0)1 44 22 00 00 achieving both companies' common ambition to decarbonize the mining sector, one of the key sectors in the energy transition. The agreement was signed onboard the Energy Observer during its London stopover. The first fully electric vessel traveling around the world, powered exclusively by hydrogen and renewable energies, the Energy Observer demonstrates a full decarbonization solution that ENGIE is developing on an industrial scale. About ENGIE Our group is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the zero carbon transition "as a service" for our customers, in particular global companies and local authorities. We rely on our key activities (renewable energy, gas, services) to offer competitive turnkey solutions. With our 160,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. Turnover in 2018: 60.6 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). ENGIE HQ Press contact: Tel. France: +33 (0)1 44 22 24 35 Email: engiepress@engie.com ENGIEgroup ENGIE Headquarters engie.com Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La D�fense cedex - France ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS - RCS NANTERRE 542 107 651 - Tel. +33 (0)1 44 22 00 00 Attachments Original document Permalink Disclaimer Engie SA published this content on 10 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2019 11:35:01 UTC
07/10/2019
18:22
la forge: share with twitter share with LinkedIn share with facebook share via e-mail 0 10/07/2019 | 04:36pm BST Press release 07 October 2019 ENGIE welcomes measures to support the competitiveness of renewable heating and cooling networks Élisabeth BORNE, Minister for Ecological and inclusive transition and Emmanuelle WARGON, Minister of State attached to the Minister for Ecological and inclusive transition, today announced 25 measures in favor of district networks covering the following themes: Mobilization and attractiveness of the regions Consumer information and protection Economic competitiveness of the networks Greening of the energy delivered by the networks Innovation and R&D Launched in March at Emmanuelle WARGON's initiative as part of the plan to "liberate renewable energy", the "renewable heating and cooling" working group aims to promote the greening and development of the French district networks sector. These proposals will accelerate the need for sustainable urban development, part of the zero- carbon strategy at ENGIE, which has long been committed to developing its know-how around strong trends: greening the energy mix, digitizing energy activities, energy conservation and decentralization of production and consumption systems for greater energy efficiency. "We are pleased that these measures in favor of district networks were announced during the ministerial visit to the Grand Reims heating network, which we operate. It will be 90% supplied by renewable energies by 2022. Heating and cooling networks are powerful tools in the zero- carbon transition because they allow a massive reduction in energy consumption while facilitating the use of renewable sources," said Isabelle Kocher, ENGIE's CEO. "Today, ENGIE operates the largest heating network in France and the largest cooling network in Europe. We are world number 1 in cooling networks," she added. Leader in the sector in France, ENGIE designs, funds, constructs and operates district heating and cooling networks. The preferred partner for regions that want to remain attractive and ENGIE CORPORATE HEADQUARTERS engie.com Tour T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La Défense cedex - France ENGIE - A PLC WITH CAPITAL OF 2,435,285,011 EURO - NANTERRE TRADE AND COMPANIES REGISTER NO. 542107651 - Tel.: +33 (0)1 44 22 00 00 competitive, the Group supports its clients in the implementation of their low-carbon energy transition by setting up the infrastructure to enable sustainable development. About ENGIE We are a leading world group that provides low-carbon energy and services. To tackle the climate emergency facing us all, our aim is to become the world leader in the zero-carbon energy transition "as a service" for our clients - in particular for companies and regional authorities. We use our expertise in our key business areas (renewables, gas, services) to provide competitive and bespoke solutions. With our 160,000 employees, our clients, our partners and our stakeholders, together we form a community of imaginative builders, striving every day to bring about a more harmonious form of progress. Turnover in 2018: €60.6bn The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). ENGIE Group press contact: Tel. France: +33 (0)1 44 22 24 35 Email: engiepress@engie.com ENGIEgroup ENGIE CORPORATE HEADQUARTERS engie.com Tour T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La Défense cedex - France ENGIE - A PLC WITH CAPITAL OF 2,435,285,011 EURO - NANTERRE TRADE AND COMPANIES REGISTER NO. 542107651 - Tel.: +33 (0)1 44 22 00 00 Attachments Original document Permalink Disclaimer Engie SA published this content on 07 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2019 15:36:01 UTC
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