Engie to Maintain Current Level of Ownership in Suez SA
December 11 2018 - 11:28AM
Dow Jones News
By Nathan Allen
Engie SA (ENGI.FR) said Tuesday that its board of directors has
decided to maintain its current 32% stake in Suez SA (SEV.FR),
confirming earlier media reports.
Engie said it wanted to strengthen the industrial and commercial
collaboration between the two groups but wouldn't increase its
stake in the waste-and-water treatment company.
Financial analysts had previously speculated that Engie might
push for a full takeover of Suez.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
December 11, 2018 11:13 ET (16:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.