Engie to Sell German, Dutch Coal Assets to Riverstone
April 26 2019 - 3:19AM
Dow Jones News
By Nathan Allen
France's Engie SA (ENGI.FR) said Friday that it has agreed to
sell its shares in coal-fired power plants in the Netherlands and
Germany to investment firm Riverstone Holdings LLC.
The French energy company said the sale should reduce its net
debt by around 200 million euros ($222.8 million) but didn't give a
specific deal value.
The portfolio includes plants in Rotterdam, Farge, Zolling and
Wilhelmshaven and has total installed capacity of 2,345
megawatts.
After the sale, which is set to close in the second half, coal
will represent 4% of Engie's global power-generation capacity, it
said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 26, 2019 03:04 ET (07:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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