Engie Fined $1 Billion for Abusive Marketing Practices
October 18 2019 - 10:09AM
Dow Jones News
By Giulia Petroni
Engie SA (ENGI.FR) has been ordered to pay a fine of nearly
900,000 euros ($1 million) for abusive marketing practices, the
French competition and consumer authority said Friday.
According to the General Directorate for Competition Policy,
Consumer Affairs and Fraud Control, the French utility company
entered into energy-supply contracts without confirmation of the
offer being sent to consumers by letter or email, and it failed to
take appropriate action in response to consumers' request to
exercise their right of withdrawal.
The French regulator conducted an investigation into Engie's
activities between June 2017 and February 2019, following several
complaints.
Olivia Bugault contributed to this story.
Write to giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 18, 2019 09:54 ET (13:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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