Engie to Sell Stake in U.K. Power Plants for EUR232 Million
31 Octobre 2017 - 7:00PM
Dow Jones News
By Marc Navarro Gonzalez
Engie SA (ENGI.FR) said on Tuesday that it is selling its stake
in three power plants in the U.K. to Energy Capital Partners for a
total enterprise value of EUR232 million ($270 million).
Engie said the sale concerns the gas-fired power plants of
Saltend and Deeside as well as the Indian Queens oil-fired peaking
plant. These assets were 75% owned by the French energy company and
25% by Japan's Mitsui & Co. Both companies are selling their
stake to U.S.-based private-equity firm Energy Capital
Partners.
The transfer of the three plants will be effective as of today,
Engie said.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
October 31, 2017 13:45 ET (17:45 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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