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    ENGI   FR0010208488

ENGIE

(ENGI)
  Report
Real-time Quote. Real-time Euronext Paris - 08/02 11:35:11 am
11.346 EUR   +0.84%
07:55aENGIE : Gets a Buy rating from UBS
MD
07/30ENGIE : to Sell Nearly 12% Stake in Majority Owned GRTgaz
MT
07/30ENGIE : Goldman Sachs reaffirms its Buy rating
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

GTT Shares Fall on Engie Stake Reduction

05/26/2021 | 05:21am EDT

By Mauro Orru

Shares in Gaztransport et Technigaz, or GTT, fell Wednesday after Engie SA divested part of its stake in the company.

The French utility company sold a 10% stake in GTT, raising about 248 million euros ($303.8 million) through a private placement, and now owns around 30% of the engineering company.

At 0850 GMT, GTT shares traded 5.9% lower at EUR67.85.

Engie also priced exchangeable bonds with a maturity of three years for an aggregate nominal amount of EUR290 million, which could further slash its stake in GTT to around 20% if the bonds are exchanged in full.

"Today's announcement is in line with Engie's strategic plan towards simplifying the group and its investor proposition through exiting non-core activities. GTT is an innovative and high performing business, and as a major shareholder Engie has benefited from GTT's continuing strong growth over the years," Engie Chief Executive Catherine MacGregor said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

05-26-21 0520ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.28% 34838.16 Delayed Quote.14.14%
ENGIE 0.84% 11.346 Real-time Quote.-9.38%
GAZTRANSPORT & TECHNIGAZ 0.15% 67.7 Real-time Quote.-14.52%
All news about ENGIE
07:55aENGIE : Gets a Buy rating from UBS
MD
07/30ENGIE : to Sell Nearly 12% Stake in Majority Owned GRTgaz
MT
07/30ENGIE : Goldman Sachs reaffirms its Buy rating
MD
07/30ENGIE : 2021 First-half financial report
PU
07/30ENGIE : Rapport financier semestriel 2021
PU
07/30Engie Lifts 2021 Guidance on Stronger 1st Half Results; Selling Stake in Fren..
DJ
07/30ENGIE : Boosts FY21 Outlook As Net Income Soars in H1
MT
07/30ENGIE : H1 Financial Results for the period ending 30 June 2021
PU
07/30ENGIE : makes further progress on execution of strategic plan with sale of 11.5%..
PU
07/29ENGIE : 2021 Sustainability Book
PU
More news
Financials
Sales 2021 58 070 M 68 934 M 68 934 M
Net income 2021 2 482 M 2 946 M 2 946 M
Net Debt 2021 23 816 M 28 272 M 28 272 M
P/E ratio 2021 11,5x
Yield 2021 6,40%
Capitalization 27 421 M 32 590 M 32 551 M
EV / Sales 2021 0,88x
EV / Sales 2022 0,87x
Nbr of Employees 171 000
Free-Float 72,4%
Chart ENGIE
Duration : Period :
ENGIE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENGIE
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 11,35 €
Average target price 15,15 €
Spread / Average Target 33,5%
EPS Revisions
Managers and Directors
Catherine MacGregor Chief Executive Officer
Judith Hartmann CFO, Executive VP-United Kingdom & Ireland
Jean-Pierre Clamadieu Chairman
Yves Le GÚlard Chief Information & Digital Officer
Shankar Krishnamoorthy EVP-Strategy Innovation & Industrial Development
Sector and Competitors
1st jan.Capi. (M$)
ENGIE-9.38%32 259
NATIONAL GRID PLC7.29%45 690
SEMPRA2.54%39 556
ELECTRICITÉ DE FRANCE-20.40%38 442
E.ON SE15.25%32 080
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED6.74%31 432