france sells off engie stake to finance areva rescue
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

France sells off Engie stake to finance Areva rescue

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice France sells off Engie stake to finance Areva rescue

Logo of French multinational electric utility
Paris - AFP

France has sold a 4.1-percent stake in energy company Engie, pulling in 1.14 billion euros ($1.2 billion) to help finance a state-led rescue of troubled nuclear firm Areva.

The sale of 100 million Engie shares was 10 million above the amount initially offered, the APE agency which manages shareholdings for the French state said in a statement late on Tuesday.

The sale leaves the French state with 28.7 percent of the capital and 32.6 percent of the voting rights in Engie, the energy and gas company that used to be known as GDF Suez.

The agency said the sale would still leave the French state as the top shareholder in the company which is the world's top independent electricity producer and a leading liquefied natural gas importer.

Last year, the French government announced it would sell off some shareholdings to raise funds to bail out nuclear reactor firm Areva.

The European Commission gave the green light Tuesday to the French state pumping 4.5 billion euros into Areva subject to competition regulators approving the sale of the reactor business to electricity supplier EDF.

The French state, which owns 85 percent of EDF, has also undertaken to subscribe to 3 out of 4 billion euros in capital that the company plans to raise this year.

As of last April, the French state held stakes in 81 companies, including telecommunications operator Orange and aircraft engine maker Safran. The value of its portfolio was estimated some 90 billion euros.

The value of the listed companies fell by 11.5 percent last year to 59.7 billion euros, mostly due to the sliding value of shares in the energy companies EDF, Areva and Engie

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france sells off engie stake to finance areva rescue france sells off engie stake to finance areva rescue

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france sells off engie stake to finance areva rescue france sells off engie stake to finance areva rescue

 



GMT 13:06 2012 Thursday ,14 June

Steady rise in temperature forecast in UAE

GMT 17:11 2016 Wednesday ,20 April

Hamdallah, Singapore Prime Minister meet

GMT 18:41 2017 Wednesday ,02 August

Bangladesh separates conjoined twins in rare surgery

GMT 00:59 2017 Monday ,20 February

Rousseff urges vote against impeachment

GMT 07:11 2018 Thursday ,18 January

Germany loans Lithuania 'birth certificate'

GMT 15:00 2017 Monday ,18 September

National Pavilion UAE’s Venice Internship now open

GMT 10:36 2017 Sunday ,31 December

Swimming with whale sharks in Mexico

GMT 15:02 2017 Wednesday ,22 February

5 Natural home remedies to stop hair loss

GMT 07:42 2017 Wednesday ,26 July

Khalid 5 football tournament launched

GMT 07:22 2017 Tuesday ,05 December

Mario Centeno, the 'Ronaldo' of the eurozone

GMT 12:51 2017 Monday ,08 May

Tadweer launches second e-Services edition

GMT 06:51 2017 Monday ,23 October

Electricity Minister receives German ambassador

GMT 12:24 2017 Tuesday ,17 October

Underlines importance of reconciliation
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice