Deals
Engie Weighs Sale of Indonesia Geothermal Portfolio
- Divestment may fetch at least $300 million for French utility
- Engie has held discussions on sale with prospective advisers
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Engie SA is considering selling its stakes in Indonesian geothermal projects for at least $300 million, people with knowledge of the matter said.
The French utility has held discussions with prospective advisers on the potential divestment, said the people, who asked not to be identified as the information is private. A sale could fetch about $300 million to $500 million, they said.