Engie Denies EDP Renovaveis Takeover Plans
26 Giugno 2018 - 9:46AM
Dow Jones News
By Nathan Allen
Engie SA (ENGI.FR) said Tuesday that it isn't currently
preparing a takeover bid for Portugal's EDP Renovaveis S/A
(EDPR.LB), following a media report of a deal in the works.
Engie said it hasn't taken any decision in relation to EDPR but
it is "constantly assessing investment opportunities."
Bloomberg had previously reported that Engie was working with
advisers to evaluate offers for all or part of the Portuguese
renewables company.
At 0712 GMT shares in EDPR were trading around 3.2% higher,
having earlier risen as much as 7.5%.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
June 26, 2018 03:31 ET (07:31 GMT)
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