Engie may soon sign a major acquisition. The tricolor energy giant has been studying for a few weeks the acquisition of the Portuguese company Energias de Portugal (EDP, the Portuguese equivalent of EDF), specializing in renewable energies, with important institutions in the United States and Brazil, we read Monday in BFM Business, which cites sources close to Engie. “The takeover project has been closely studied by Engie’s financial management. But no decision will be taken before the new head of the French energy group, Jean-Pierre Clamedieu, takes office on May 18,” BFM writes. Reuters contacted Engy, which was not immediately available.
The site said that General Director Isabel Kocher was to meet with the head of the EDP, Antonio Mexia. The acquisition project has been closely studied by Engie’s financial management, confirms BFM Business, which adds that EDP will look for an industrial partner to counter the appetites of its first shareholder. EDP fears that China’s Three Gorges Corporation, which owns 21%, will take control of the group. The Portuguese government would also like to avoid being taken over by the Chinese. According to the website, the coil is in circulation with several European manufacturers. The Italian company Enel will also be interested in buying this company, which has a value of more than 11 billion euros.
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Capital (with Reuters and AOF)
