Engie Buys 95% Stake in France's Solairedirect
July 01 2015 - 02:28AM
Dow Jones News
By Nadya Masidlover
PARIS--French energy group Engie SA said it bought a 95% stake
in Solairedirect, increasing its presence in the solar energy
sector.
Engie said that the acquisition of Solairedirect will strengthen
its global position and allow it to accelerate its development in
renewable energy.
Solairedirect, which was founded in 2006, specializes in the
construction, operation and maintenance of solar power parks, said
Engie.
The company didn't disclose financial details of the deal.
-Write to Nadya Masidlover at nadya.masidlover@wsj.com
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