Decision of ENGIE Board on February 13, 2018

The ENGIE Board of Directors met on February 13, 2018, and decided to appoint Mr. Jean-Pierre Clamadieu as member of the Group Board of Directors to replace Mr. Gérard Mestrallet. The motion will go to the Shareholders’ Meeting for a vote on May 18th. The Board acknowledged Mr. Gérard Mestrallet’s resignation from his Director position, effective at the close of the Shareholders’ Meeting.

The ENGIE Board of Directors will appoint Mr. Jean-Pierre Clamadieu to the position of Chairman of the Board, pending approval at the Shareholders’ Meeting, to succeed Gérard Mestrallet, Founder of ENGIE and Chairman of its Board of Directors.

The French State, which reduced its stake in ENGIE’s share capital, announced that it would turn one of its five board member seats back to the Board. On March 7, 2018, the Board of Directors will choose a new independent board member, and the appointment will be submitted for approval at the May 18, 2018 Shareholders’ Meeting.

The Board decided to appoint Mr. Gérard Mestrallet as Honorary Chairman in recognition of the 23 years he devoted to developing the Group.

Gérard Mestrallet, Chairman of the Board of Directors, declared: “I would like to recognize the Board of Directors and the Appointments, Compensation and Governance Committee for the quality of their work, as well as the rigorous process they have undertaken. I am also pleased with the choice of Jean-Pierre Clamadieu, a great industrialist who transformed Solvay, the international chemical group.”

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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ENGIE Board of Directors Announces Decision on Governance of the Group

During a meeting on February 2, the Board of Directors of ENGIE unanimously confirmed the decision made in 2016 to separate the roles of Chairperson and Chief Executive Officer.

Gérard Mestrallet will leave the position of Chairman of the Board at the Annual General Meeting on May 18, 2018, held in Paris. On this occasion, there will be a motion submitted for approval to shareholders to appoint a new independent director, who will transition into the role of Chairperson. The main objective for this new appointment will be the effective functioning of the Group’s governing bodies and support for its executive director.

The Board of Directors reiterates that it has full confidence in the Chief Executive Officer, Isabelle Kocher’s, successful management and execution of ENGIE’s transformation plan and in her ability to propose strategic choices to successfully build ENGIE’s future.

 

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonized, decentralized and digitalized. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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Appointments

Cyril Nguyen

Cyril Nguyen is appointed Director of ENGIE Group Security as of 1 January 2018. He succeeds Régis Poincelet, who is retiring.

With an MBA in Gendarmerie obtained from HEC and a two-year master’s degree in information management, Cyril Nguyen has spent 14 years as a specialist for the French Ministry of Defence. From 2005 to 2008, Cyril has been Director of Security and Loss Prevention at the company Tech Data, before joining Nestlé where he assumed the same responsibilities, covering the scope of France/Benelux. Then, Cyril has spent 6 years as Director of Safety and Security for the Crédit Agricole SA group before joining ENGIE Group.



Marc Hirt

Marc Hirt is appointed Director of Audit for the ENGIE Group as of 1 March 2018. He succeeds Didier Retali, who will retire.

Marc holds engineering degrees (Ecole Polytechnique, Ecole Nationale des Ponts et Chaussées) and studied Business Administration at Harvard Business School. After a first experience in civil engineering and public services, Marc was a consultant for Boston Consulting Group. He later joined ENGIE Group, where he held various positions: Head of Eastern Gas supply, Group representative in Russia, Deputy General Director of Distrigaz Sud – the Group gas distribution company in Romania, CEO of ENGIE Energy UK, President of ENGIE Western Europe (covering UK, Spain and Portugal) and more recently Director in charge of managing the market risk for the whole group activities in Europe and various operational topics (Back-office, IT…) for the Global Energy Management business unit. Until March 1, Marc Hirt remains Deputy of the Group executive Vice-President in charge of Latin America and global BUs (E&P, GLNG, GEM). He manages operational and strategic files on this perimeter, in particular the divestment project of ENGIE’s upstream and midstream liquefied natural gas activities.

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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ENGIE signs an agreement for the control of Electro Power Systems, a pioneer in hybrid storage solutions

ENGIE announces today the signing of a share purchase agreement to acquire a majority stake of Electro Power Systems (EPS) slightly above 50% of the share capital and voting rights from its main shareholders (notably 360° Capital Management, Ersel Asset Management SGR and Prima Industrie, members of the Board of Directors, and members of the management team). EPS is a company, listed on Euronext, specialised in energy storage solutions and microgrids that enable intermittent renewable sources to be transformed into a stable power source. With the transaction, both companies aim at further accelerating their vision to be at the forefront of the energy transition, with special focus on decentralised energy solutions.

The transaction is executed at €9,5 per share and will be completed in the first quarter of 2018, subject to the lifting of the standard conditions precedents. This will be followed by the filing of a simplified mandatory tender offer at a unit price of €9,5 subject to a statement of compliance from the Autorité des Marchés Financiers (AMF) and the work of the independent expert to be appointed by EPS pursuant to article 261-1 I of the AMF General Regulations. ENGIE intends to maintain the listing of EPS shares at the end of the offer.

Headquartered in Paris, EPS has a team of about 90 employees working in its research & development centre and industrial facilities located in Italy. Thanks to technology covered by 125 patents and applications, combined with more than 10 years of R&D within the Polytechnic of Turin and Milan, the company has implemented 36 projects in 21 countries, including off-grid hybrid systems and microgrids powered by renewables and energy storage with a total capacity of 47MWh.

“EPS is a recognized technology provider in the micro-grid market with a differentiating control technology and already significant micro-grid installed base, in particular in Africa and Asia Pacific. We sincerely welcome EPS at ENGIE and its highly specialized and sophisticated high-tech teams. Together, we will achieve a major step to become a decentralized energy leader and confirm that energy transition is at the core of the strategy and transformation of ENGIE. With decentralized clean energy, we also bring a key contribution towards more harmonious development.” said Shankar Krishnamoorthy, Executive Vice President of ENGIE

Carlalberto Guglielminotti, Chief Executive Officer and General Manager of EPS commented “This is a transformational step for EPS. We share Engie’s strategic vision of a paradigm shift in the energy system towards decentralized energy solutions: in advanced economies renewables are displacing conventional centralized power plants, calling for distributed energy storage to secure flexibility and capacity; thus, value added migrates from traditional energy supply to the delivery of advanced services. In parallel, in emerging economies, storage-enabled renewables open a market of 2.4 billion people reliant on diesel generation. EPS has been delivering one of the largest installed bases of commercial microgrids and utility-scale systems globally; today, our unique technological platform combined with Engie’s global reach, establishes a driving force of the energy transition.”

 

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

About ELECTRO POWER SYSTEMS

Electro Power Systems (EPS) operates in the sustainable energy sector, specialising in storage solutions and microgrids that enable intermittent renewable sources to be transformed into a stable power source. Listed on the French-regulated market Euronext (EPS:FP), EPS is part of the CAC® Mid & Small and the CAC® All-Tradable indices. Its registered office is in Paris and conducts its research, development and manufacturing in Italy. Thanks to technology covered by 125 patents and applications, combined with more than 10 years of R&D, the Group develops utility scale energy storage systems to stabilize electrical grids that are heavily penetrated by renewable sources in developed countries and microgrids in emerging economies to power off-grid areas at a lower cost than fossil fuels. As of 30 June 2017, EPS has installed and has under commissioning an aggregate of 36 large scale projects, including off-grid hybrid systems powered by renewables and energy storage that provides energy to over 165,000 customers every day, with a total capacity output of 47MWh systems in 21 countries worldwide, including Europe, Latin America, Asia and Africa.

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ENGIE sets new hybrid bond record with the lowest coupon ever achieved by a Corporate

Yesterday, ENGIE took advantage of the attractive market conditions to place its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) of an amount of 1 billion of euros, with a coupon of 1.375% and a Non-Call period of 5.25 years. The bond is intended to replace the € 600M 3.875% Non-Call2018 and the GBP 300M 4.625% Non-Call2019.

The proceeds of this issue will be allocated to the Group’s continued growth in renewable energy or energy efficiency projects, natural resources preservation projects, as well as R&D investments in such areas.

The Green Format of the bond reaffirms the strong commitment of Engie to its sustainable growth strategy. Taking advantage of strong investor demand for higher yielding asset classes (including Hybrid bonds), the coupon of the bond, callable as from April 2023, has been set at 1.375%, representing the lowest coupon rate ever achieved by a corporate issuer for a hybrid bond.

The bond was issued under the Group’s Green Bond Framework and has received a Second Party Opinion delivered by Vigeo Eiris. Both documents are published on the Group’s website.

With this issuance the total amount of bonds issued by ENGIE in Green Bond format reaches 6.25 Billion of euros, making Engie the largest Corporate issuer of Green bonds globally. The bond has received rating of Baa1, BBB and BBB+ from Moody’s, S&P and Fitch respectively.

 

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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ENGIE sets new hybrid bond record with the lowest coupon ever achieved by a Corporate

Yesterday, ENGIE took advantage of the attractive market conditions to place its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) of an amount of 1 billion of euros, with a coupon of 1.375% and a Non-Call period of 5.25 years. The bond is intended to replace the € 600M 3.875% Non-Call2018 and the GBP 300M 4.625% Non-Call2019.

The proceeds of this issue will be allocated to the Group’s continued growth in renewable energy or energy efficiency projects, natural resources preservation projects, as well as R&D investments in such areas.

The Green Format of the bond reaffirms the strong commitment of Engie to its sustainable growth strategy. Taking advantage of strong investor demand for higher yielding asset classes (including Hybrid bonds), the coupon of the bond, callable as from April 2023, has been set at 1.375%, representing the lowest coupon rate ever achieved by a corporate issuer for a hybrid bond.

The bond was issued under the Group’s Green Bond Framework and has received a Second Party Opinion delivered by Vigeo Eiris. Both documents are published on the Group’s website.

With this issuance the total amount of bonds issued by ENGIE in Green Bond format reaches 6.25 Billion of euros, making Engie the largest Corporate issuer of Green bonds globally. The bond has received rating of Baa1, BBB and BBB+ from Moody’s, S&P and Fitch respectively.

 

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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Appointments

With effect from 1 January 2018, Michèle Azalbert is appointed CEO of ENGIE’s business unit dedicated to renewable hydrogen, that is being created, and Rosaline Corinthien Pivetta is appointed Deputy Chief Human Resources Officer of Group’s Human Resources Department, responsible for executives’ and talents’ development. As of 1 December 2017, Thierry Kalfon was appointed Deputy Chief Financial Officer of the Group, responsible for the Enterprise Performance Management Department (Financial Planning & Analysis and Performance).

Michèle Azalbert holds a computer science engineering degree and graduated in Business Administration at HEC. She assumed various responsibilities in the sectors of treasury, financing and risk management, at Elf Aquitaine from 1992 to 1996, Sanofi from 1996 to 1999, and then Suez from 1999 to 2005. She became Head of Treasury & Risk Management of the Suez Group in 2005. Then, in 2008 she was appointed Gaselys’ Chief Operating Officer. From 2011 to 2013, she was Executive Vice President of ENGIE Global Market (previously GDF SUEZ Trading), responsible for support functions. Since 2013, she has held the position of Chief Operating Officer of ENGIE’s Global LNG BU.

 

Rosaline Corinthien Pivetta holds a Master of Science from the IFP School and an engineering degree from the National Institute of Applied Sciences. Before joining ENGIE, she assumed various responsibilities, including those of European Technical Director for FUCHS PETROLUB A.G. and Project Manager for the Bayet gas-fired combined-cycle power plant of ALPIQ. She was also a consultant for methanol development in Trinidad and Tobago and an analyst for the French Energy Regulator on the regulation of LNG terminals. Rosaline joined ENGIE in February 2012, as General Manager of Storengy China, before becoming President of ENGIE China’s Gas activities. Since 2015, Rosaline has held the position of Director of Strategy, Communications and Social and Environmental Responsibility for ENGIE’s Global Energy Management BU.

 

Thierry Kalfon graduated from Ecole Nationale de la Statistique et de l’Administration Economique (National School for Statistics and Economics), Ecole de Management de Lyon (Lyon Management School), Institut d’Etudes Politiques de Paris (Paris Institute for Political Studies of Paris – cum laude), and Ecole Nationale d’Administration (National School of Administration) “Marc Bloch” class. Thierry Kalfon started his career with the Budget Department in the French Ministry of Economy, Finance and Industry, where he assumed various responsibilities, including Head of Research, Energy and Innovation Division and Deputy Director in charge of “sovereign” budgets (Interior, Justice, Defense, local governments, Prime Minister’s general services). From 2001 to 2005, he was a Senior Economist in the Fiscal Affairs Department in the International Monetary Fund (IMF) in Washington DC (USA), in charge of the fiscal part of structural adjustment programs in various countries in the Middle-East and in Asia. From 2007 to 2009, he was a Senior Advisor to the French Ecology, Energy and Sustainable Development Minister, in charge of industrial, economic and financial affairs. In 2009, he joined GRTgaz as Chief Financial Officer. In 2012, he was appointed Director of Strategy, Economics and Tariffs for ENGIE Energie France, covering power generation and energy supply activities in France. From 2014 to 2016, he was General Secretary and CFO of ENGIE’s renewable energy activities in Europe. Since 2016, he has been Director of Financial Planning and Analysis (FP&A) within ENGIE’s Group Finance Department.

 

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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ENGIE and Crédit Agricole Assurances increase their investments in on-shore wind and solar power in France

ENGIE, France’s market leader in on-shore wind and solar power plants with 2.6 GW installed at the end of 2017, and Crédit Agricole Assurances, France’s leading insurance company, have just signed a new agreement allowing their joint venture « FEIH » (Futures Energies Investissements Holding) to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018. These renewable power plants have been developed and built by ENGIE.

Created in 2013 with a first acquisition of 440 MW on-shore wind farms, the joint venture FEIH held by ENGIE and Crédit Agricole Assurances will operate more than 1.3 GW of on-shore wind and solar power plants by the end of 2018 and will have tripled its portfolio in 5 years.

Thus, ENGIE strengthens a strategic partnership which opens new perspectives in terms of development in the field of the energy transition, while allowing to limit capital expenditure and net debt.

“This new deal confirms the solidity and sustainability of our collaboration with Crédit Agricole Assurances. ENGIE’s ambition is to reach, by 2021, 3 GW installed capacity of on-shore wind farms and 2.2 GW of solar photovoltaic power plants. This partnership will be most valuable to achieve this goal”, states Gwenaëlle Huet, Chief Executive Officer of ENGIE France Renewable Energy.

France’s leading insurance company Crédit Agricole Assurances expands its long-term institutional investor strategy in the field of renewable energy.“Thanks to this major transaction with our partner ENGIE, Crédit Agricole Assurances strengthens its presence in the field of infrastructures and energy transition, in which our Groupe has become a key investor in France”, states Jean-Jacques Duchamp, Deputy Managing Director of Crédit Agricole Assurances.

Management of the participation of Crédit Agricole Assurances in this partnership has been delegated to Omnes Capital, France’s market leader in private equity dedicated to the energy transition. Serge Savasta, Managing Partner at Omnes Capital, comments: “We are proud to support Crédit Agricole Assurances in this new step of energy transition in our country”

 

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

About Crédit Agricole Assurances

Crédit Agricole Assurances, the leading insurer in France, brings together Crédit Agricole’s insurance subsidiaries. The group offers a range of products and services in savings, retirement, health, welfare and goods insurance. They are distributed by Crédit Agricole Group banks in France and in 9 countries around the world, by wealth management advisors and general agents. Crédit Agricole Assurances companies are aimed at individuals, professionals, farmers and businesses. Crédit Agricole Assurances has 4,200 employees. Its turnover at the end of 2016 amounted to 30.8 billion euros (IFRS standards).
www.ca-assurances.com

About Omnes Capital

Omnes Capital is a major player in private equity and infrastructure. With €3.6 billion in assets under management, it brings businesses the capital needed to finance their growth through its three main business segments: Venture Capital, Buyout and Growth Capital, and Infrastructure.
Omnes Capital is a pioneer in the energy transition, having launched its first fund, Capenergie, in 2006. The company has since made 35 investments in renewable energies in France and Europe for a total production capacity of 1.5 GW. In 2016, Omnes Capital launched Construction Energie Plus, the first French fund entirely focused on the construction of high-environmental-performance buildings.
Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The company is now wholly owned by its employees. Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI).
www.omnescapital.com

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ENGIE continues to develop its services in Africa through the acquisition of SPIE Morocco

ENGIE announced today that it has signed an agreement with the SPIE Group in order to acquire* SPIE Morocco’s operations.

The agreement was signed on December 20, 2017 by Bruno Bensasson (CEO of ENGIE Africa) and Jérôme Vanhove (SPIE’s Director of Strategy, Development and Acquisitions), enabling ENGIE to acquire SPIE Morocco. SPIE Morocco is a key player in the electrical works, HVAC (Hearing Ventilation and Air Conditioning), telecommunication systems and multi-technical maintenance market in Morocco. SPIE Morocco employs over 1,000 people and generated revenues of approximately €70 million in 2016. The company has been present in Morocco for more than 100 years.

Bruno Bensasson commented: “This acquisition is perfectly in line with ENGIE’s strategy of becoming one of the leading energy services companies on the African continent. We are pleased to be strengthening our foothold in Morocco by integrating SPIE’s skills. We believe that the synergies of the teams will be an essential asset in turning this new entity into a major player, with a stronger competitive position and added value for our customers.

ENGIE is already very active in Morocco in multi-technical maintenance and Facility Management through its subsidiary Cofely Morocco and its partnership with the Finatech Group. By integrating SPIE Morocco’s skills, teams and operations, ENGIE is becoming Morocco’s leader in energy services and is taking a major step forward in its ambition to become an integrated energy services provider in Africa.

With over 1,300 employees, the new entity will serve as an operational platform supporting its industrial and service-sector customers in Morocco and in other African countries enabling ENGIE to consolidate its position as energy transition leader on the African continent.

* Completion of the transaction is subject to approvals of the relevant regulatory bodies.

 

About ENGIE AFRICA

For over 50 years, ENGIE has been active in many African countries through its energy engineering business, its natural gas purchase agreements with Algeria, Egypt and Nigeria and more recently as an independent power producer in South Africa and Morocco with a total capacity of 3,000 MW either in operation or under construction. By 2025, ENGIE aims to become a reference partner in about ten African countries for power plants, energy services to businesses and decentralized solutions for off-grid customers – communities, companies and households. For more information visit www.engie-africa.com

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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ENGIE wins a concession for transmission lines in Brazil representing an estimated investment of around EUR500 million

The company won the dispute by offering a discount of 35% against the lowest annual revenue allowed by the regulatory agency. The duration of the concession will be of 30 years, including the construction, assembly, operation and maintenance of transmission facilities.

The venture will require about EUR500 million in investments, with an estimated creation of more than 4,000 direct jobs. The lot integrates eight new transmission lines, complementary stretches and the installation of five power substations.

With an installed capacity of more than 11 GW, ENGIE is the largest private power producer in Brazil. 90% of the Group’s installed capacity in the country come from clean, renewable sources, with low emissions of greenhouse gases. This low carbon dynamic has been reinforced by the construction of new wind farms in the Northeast and by the operation of one of the largest hydropower plants in Brazil, Jirau (3,750 MW), located in the Madeira River, Rondônia.

The Group is also present in Brazil in the solar distributed generation market and offers services related to energy efficiency, engineering and integration of systems working on the development of telecommunication and security systems, public lighting and urban mobility for smart cities.

 

 

About ENGIE

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

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