EnergyWatch

Engie weighs acquisition of Innogy for EUR 18.6 billion

French utility Engie is considering an acquisition of German RWE's subsidiary for renewable energy. The price would come to more than EUR 18 billion.

Photo: Mainstream Renewable Power

At the moment, French energy company Engie SE is considering an acquisition of the listed green company Innogy which has market value of EUR 18.6 billion, reports Bloomberg citing anonymous sources with knowledge of the matter.

The decision is not finalized yet, but the French company is currently discussing pros and cons with advisors.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs