Engie Fined $1 Billion for Abusive Marketing Practices

Date : 10/18/2019 @ 2:09PM
Source : Dow Jones News
Stock : Engie (ENGI)
Quote : 14.16  0.0 (0.00%) @ 6:15AM

Engie Fined $1 Billion for Abusive Marketing Practices

Engie (EU:ENGI)
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   By Giulia Petroni 
 

Engie SA (ENGI.FR) has been ordered to pay a fine of nearly 900,000 euros ($1 million) for abusive marketing practices, the French competition and consumer authority said Friday.

According to the General Directorate for Competition Policy, Consumer Affairs and Fraud Control, the French utility company entered into energy-supply contracts without confirmation of the offer being sent to consumers by letter or email, and it failed to take appropriate action in response to consumers' request to exercise their right of withdrawal.

The French regulator conducted an investigation into Engie's activities between June 2017 and February 2019, following several complaints.

 

Olivia Bugault contributed to this story.

 

Write to giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

October 18, 2019 09:54 ET (13:54 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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