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

Siemens Gamesa to squeeze GE's flagship out of US market

The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.

Norway plans to control hydro to safeguard power supply

With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.

Further reading

Related articles

Latest News

See all jobs