Engie (ENGI FP) is reportedly preparing to divest in France and the US, Bloomberg reports citing sources; to raise funds to acquire a UK power-distribution business
Context
Engie's reported divestiture plans in France and the US indicate a strategic shift aimed at fundraising for a UK acquisition, potentially enhancing its market position in power distribution. This move suggests a focus on growth in the UK market, which could impact investor sentiment and the competitive landscape within the utilities sector.
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Open Dashboard#FRANCE#EUROPE#EQUITIES#EU SESSION#US SESSION#ENGIE#ENGI.FP#MULTI-UTILITIES#MULTI-UTILITIES (GROUP)#UTILITIES (GROUP)#CAC 40 INDEX#ENGIE SA#ENGI#CAC