Deals
Engie Eyes Bid for $19.8 Billion Utility Firm Innogy
- French utility said to be consulting advisers about a bid
- Deliberations are at an early stage, no final decisions made
This article is for subscribers only.
Engie SA is considering an offer for German renewable-energy utility Innogy SE as its majority owner RWE AG weighs strategic options, people familiar with the matter said.
The former French natural-gas monopoly is speaking to advisers and hasn’t made a final decision about whether to proceed, the people said, asking not to be identified because the deliberations are private. The considerations are preliminary and may not lead to an offer, they said. Innogy had a market value of 18.6 billion euros ($19.8 billion) at the close of trading on Monday, before Bloomberg reported the potential deal.