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Decision of ENGIE’s Board of Directors on December 11, 2018

By BIKILI Ahmed - 11 December 2018 - 21:42

ENGIE confirms its intention of remaining SUEZ’s leading shareholder and is willing to strengthen the industrial and commercial collaboration between the two groups.

 

ENGIE’s Board of Directors confirms its desire to actively support SUEZ’s development by maintaining its current level of ownership.

 

A world player in environmental services, SUEZ has a strong potential in activities such as water management and circular economy which will be key in the future for territories and companies. ENGIE’s Board of Directors will support SUEZ’s growth and value creation strategy as well as its implementation.

 

As SUEZ’s leading shareholder, ENGIE is willing to strengthen the industrial collaboration with the company, whilst maintaining both groups’ independence and observing all applicable rules and regulations, particularly in respect of competition and best commercial practice.

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About ENGIE

We are a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and customer solutions. Driven by our ambition to contribute to a harmonious progress, we take up major global challenges such as the fight against global warming, access to energy to all, or mobility, and offer our residential customers, businesses and communities energy production solutions and services that reconcile individual and collective interests. Our integrated - low-carbon, high-performing and sustainable - offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working. Our ambition is conveyed by each of our 150,000 employees in 70 countries. Together with our customers and partners, they form a community of imaginative builders who invent and build today solutions for tomorrow.
2017 turnover: 65 billion Euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial (CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). To learn morewww.engie.com