Engie Shifts Gear on Asset Sales, Cost Cuts as Shares Fall

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  • Kocher says divestment plan will progress ahead of schedule
  • CEO seeks to enter growth phase as quickly as possible

Engie SA expects to complete its 15 billion-euro ($16 billion) divestment plan ahead of its end-2018 deadline, and may increase cost cuts as the French utility seeks to rekindle growth dented by falling gas and power prices, Chief Executive Officer Isabelle Kocher said.

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