Engie: not preparing a bid for EDP Renováveis
(CercleFinance.com) - This morning Engie has officially reacted to information from the Bloomberg agency that the French energy group has its sights on EDP Renováveis (EDPR), a subsidiary dedicated to renewable energies of its Portuguese competitor EDP.
The French group confirms that it is not preparing a bid.
Yesterday, Bloomberg thought that Engie was a company that was interested in "all or part" of EDP Renováveis. The French group would be particularly interested in EDPR's US assets, without excluding to buy the entire company, which currently has a market capitalisation of 7.5 billion euros.
On the Lisbon Stock Exchange, the EDPR share has risen by over 25% since the beginning of the year. Remember that the group is a subsidiary of EDP (over 80%), the Portuguese "generalist" energy specialist coveted by the Chinese group Three Gorges.
This morning, Engie says that it is always on the look-out for investment opportunities, which could confirm the "preliminary project" that Bloomberg reported.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The French group confirms that it is not preparing a bid.
Yesterday, Bloomberg thought that Engie was a company that was interested in "all or part" of EDP Renováveis. The French group would be particularly interested in EDPR's US assets, without excluding to buy the entire company, which currently has a market capitalisation of 7.5 billion euros.
On the Lisbon Stock Exchange, the EDPR share has risen by over 25% since the beginning of the year. Remember that the group is a subsidiary of EDP (over 80%), the Portuguese "generalist" energy specialist coveted by the Chinese group Three Gorges.
This morning, Engie says that it is always on the look-out for investment opportunities, which could confirm the "preliminary project" that Bloomberg reported.
Copyright (c) 2018 CercleFinance.com. All rights reserved.