Engie Cuts 2015 Net Recurring Income Target on Reactor Halts

Engie, the French utility formerly known as GDF Suez SA, cut its target for recurring net income this year by 150 million euros ($168 million) because of longer-than-expected halts at nuclear reactors in Belgium.

The new range is 2.85 billion euros to 3.15 billion euros, the company said in a statement.

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