Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Engie    ENGI   FR0010208488

ENGIE (ENGI)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

GDF Suez to Give up Effective Control of Suez Environnement- Report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/05/2012 | 02:59pm CEST

French power company GDF Suez SA (>> GDF SUEZ) won't renew a shareholder pact giving it effective control of waste and water management company Suez Environnement(>> SUEZ ENVIRONNEMENT), a decision enabling it trim debt from its books, La Tribune reports Wednesday.

GDF Suez is likely to announce it won't renew a pact binding its 35.7% stake in Suez Environnement with the minority stakes of Belgian billionaire Albert Frere, state-owned financial company Caisse des Depots et Consignations, Areva (>> AREVA), CNP Assurances (>> CNP ASSURANCES) and Sofina (>> SOFINA). The total stake held under the shareholder pact is 48.4%, La Tribune reports on its website, citing unidentified sources.

Through the operation, GDF Suez would exclude the full debt load of Suez Environnement in its accounts. As a result, it would reduce its debt load by 5 billion euros ($6.5 billion), says the report.

The pact comes up for renewal in July. Officials at GDF Suez declined to comment.

At 1338 GMT, GDF shares were down 0.06% at EUR17.43, and at 1340 GMT, shares of Suez Environnement were up 1.47% at EUR8.58.

Newspaper website: www.latribune.fr

Write to Inti Landauro at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : GDF SUEZ, SUEZ ENVIRONNEMENT, SOFINA, AREVA, CNP ASSURANCES
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENGIE
09/25 ENGIE : gets two bids
09/23 FILINVEST LAND : FLI, Engie to spend P1.5 billion for IT park cooling system
09/22 ENGIE : I need to renew my fleet of vehicles. What are the…
09/22 ENGIE : In Europe, offshore wind energy is following in the path…
09/22 ENGIE : Dentons Advises ENGIE Services on Their Successful Bid for the Ohio Stat..
09/22 ENGIE : The Abraaj Group and ENGIE to Develop a Wind Power Platform in India
09/22 ENGIE : Dubai`s Abraaj Inks Deal to Build Wind Power Projects in India
09/21 ENGIE : - Offshore wind energy project
09/21 ENGIE : Frances Engie, Dubais Abraaj to set up wind energy platform in India
09/21 ENGIE : French Energy Company to Build Wind Power Sector in India
More news
News from SeekingAlpha
04/18 FOCUS ON EUROPE : Will Marine Le Pen Become France's Next President?
2015 Cheniere to sell liquefied natural gas to Engie
2015 Suez Is In A Growth Business But Is Too French
2015 EDF - Cover Your Short For Now On Areva Deal, But Long Term Prefer Engie
2015 SHORT EDF/ LONG ENGIE : Why Investors Should Prefer Commodities Over Politics
Financials (€)
Sales 2017 65 192 M
EBIT 2017 5 796 M
Net income 2017 2 448 M
Debt 2017 23 742 M
Yield 2017 4,86%
P/E ratio 2017 14,76
P/E ratio 2018 14,11
EV / Sales 2017 0,91x
EV / Sales 2018 0,88x
Capitalization 35 382 M
Chart ENGIE
Duration : Period :
Engie Technical Analysis Chart | ENGI | FR0010208488 | 4-Traders
Technical analysis trends ENGIE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 14,9 €
Spread / Average Target 3,3%
EPS Revisions
Managers
NameTitle
Isabelle Kocher Chief Executive Officer & Director
Gérard Mestrallet Chairman
Judith Hartmann Chief Financial Officer & Executive Vice President
Anne-Marie Mourer Director
Alain Beullier Director
Sector and Competitors
1st jan.Capitalization (M$)
ENGIE18.73%41 892
NATIONAL GRID PLC-0.79%43 604
ELECTRICITÉ DE FRANCE19.32%36 941
SEMPRA ENERGY16.14%29 346
PPL CORP13.98%26 501
E.ON38.07%24 325