French gas and power utility Engie will exit from about 20 countries in the next...
PARIS - French gas and power utility Engie will exit from about 20 countries in the next three years and will target new markets in South-East Asia and Africa as it focuses investments on renewable energy, energy services and infrastructure.
Kocher said the new plan for Engie, whose shares fell on the back of some weaker-than-expected results, would aim to simplify the sprawling group, which has a presence in some 70 countries. Engie plans to invest 11 to 12 billion euros over the 2019-2021 period, of which about 4 billion per year will be on general capital expenditure and smaller bolt-on acquisitions.
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