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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  ENGIE    ENGI   FR0010208488

ENGIE

(ENGI)
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Engie and CDPQ Acquire Remaining 10% Stake in Brazil's TAG

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07/21/2020 | 06:47am EDT

By Olivia Bugault

 

Engie SA Tuesday said, together with institutional investor Caisse de Depot et Placement du Quebec, it has acquired the remaining 10% stake in Transportadora Associada de Gas SA from Petroleo Brasileiro SA, also known as Petrobras.

With this transaction--whose closing value is of roughly 160 million euros ($183 million)--the French utility now owns a 65% stake in the Brazilian natural gas transporter, including 32.5% held by Engie Brasil Energia. CDPQ holds the remaining 35%, it said.

"Engie expects a net debt impact of approximately EUR105 million related to this transaction," the company said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -0.89% 9.798 Real-time Quote.-0.40%
ENGIE -0.43% 10.415 Real-time Quote.-27.40%
ENGIE BRASIL ENERGIA S.A. -2.90% 40.5 End-of-day quote.-20.28%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS -6.09% 18.67 End-of-day quote.-38.14%
WTI -1.30% 37.135 Delayed Quote.-36.69%
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Financials
Sales 2020 55 596 M 65 288 M 65 288 M
Net income 2020 2 156 M 2 532 M 2 532 M
Net Debt 2020 26 072 M 30 617 M 30 617 M
P/E ratio 2020 10,4x
Yield 2020 5,30%
Capitalization 25 229 M 29 661 M 29 628 M
EV / Sales 2020 0,92x
EV / Sales 2021 0,85x
Nbr of Employees 171 000
Free-Float 72,2%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 14,08 €
Last Close Price 10,46 €
Spread / Highest target 62,6%
Spread / Average Target 34,7%
Spread / Lowest Target -17,5%
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Managers
NameTitle
Claire Waysand Chief Executive Officer
Jean-Pierre Clamadieu Chairman
Paulo Jorge Tavares Almirante Group Chief Operating Officer & Executive VP
Judith Hartmann CFO, Executive VP-United Kingdom & Ireland
Yves Le Gélard Chief Information & Digital Officer
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