June 24, 2019 / 7:02 AM / 2 months ago

French utility Engie outlines profit boost from TAG takeover

PARIS (Reuters) - French utility Engie said its previously-announced acquisition of Brazilian pipeline network TAG would increase profits over the next few years.

Engie said TAG would result in an additional contribution at the current operating income level of around 0.13 billion euros ($147.95 million) in 2021, and would contribute around 0.1 billion euros to net profits in 2021.

Reporting by Sudip Kar-Gupta, editing by Louise Heavens

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