French energy group Engie says it is not considering EDPR takeover
Reuters
Published Jun 26, 2018 07:26
French energy group Engie says it is not considering EDPR takeover
PARIS (Reuters) - French gas and power group Engie (PA:ENGIE) said it is not preparing for and is not considering a takeover of Portuguese renewable energy developer EDP Renovaveis (EDPR) (LS:EDPR).
Bloomberg reported on Monday that Engie was considering a bid for EDPR, a unit of Portuguese utility EDP (LS:EDP), and that Engie was working with advisers on evaluating offers for all or part of the firm.
"Engie is not preparing for or even considering an offer for EDPR. There are no deliberations, no decisions have been taken," said an Engie spokesman.
He added that following the press reports, Engie had made this position clear in a statement to the Portuguese financial market authorities.
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Written By: Reuters
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