Engie: finalises sale of Glow
(CercleFinance.com) - Engie today announces the sale of its 69.
1% stake in Glow to Global Power Synergy Public Company for 2.6 billion euros.
Glow is an independent energy producer listed on the Thai Stock Exchange. It owns and operates production facilities in Thailand and Laos and has 800 employees.
"After this disposal, ENGIE will no longer have any coal assets in the Asia-Pacific region. Coal will henceforth account for only 6% of the Group's total electricity production capacity, compared with 13% at the end of 2015, in compliance with the Group's strategy of reducing its carbon footprint," the group explains.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
1% stake in Glow to Global Power Synergy Public Company for 2.6 billion euros.
Glow is an independent energy producer listed on the Thai Stock Exchange. It owns and operates production facilities in Thailand and Laos and has 800 employees.
"After this disposal, ENGIE will no longer have any coal assets in the Asia-Pacific region. Coal will henceforth account for only 6% of the Group's total electricity production capacity, compared with 13% at the end of 2015, in compliance with the Group's strategy of reducing its carbon footprint," the group explains.
Copyright (c) 2019 CercleFinance.com. All rights reserved.