France sells €1.5bn of Engie to finance innovation fund

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France sells €1.5bn of Engie to finance innovation fund

Aidan Gregory
September 06, 2017 05:30 pm
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French President Emmanuel Macron delivers a speech at the Elysee Palace in Paris during the Prefects Reunion on September 5, 2017. Photo by Jacques Witt/Pool/ABACAPRESS.COM | Pool/ABACA/ABACA/PA Images

The French government came back to the equity block trade market on Tuesday night to sell another 4.5% chunk of its stake in Engie, the power and gas company, for €1.53bn, as part of a new €10bn asset sale programme announced in July.

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