Direct Energie SA (DIREN.PA)
20 Jul 2018
Thu, Apr 26 2018
PARIS Engie CEO Isabelle Kocher said the utility had considered buying independent power retailer Direct Energie but decided against it.
* IMPACT ON NAV PER SHARE PUBLISHED ON MARCH 15 IS ESTIMATED AT ABOUT EUR 1.80 PER SHARE Source text for Eikon: Further company coverage: (Gdynia Newsroom)
PARIS Oil company Total said it will buy a majority stake in French electricity retailer Direct Energie in a 1.4 billion euro ($1.73 billion) deal that beefs up its challenge to state-owned market leader EDF .
* Direct Energie shares jump to level of offer (Adds analyst comment, background on peers)
PARIS, April 18 French oil major Total said it will buy a majority stake in electricity retailer Direct Energie in a 1.4 billion euro ($1.73 billion) deal that will make it a major competitor for top French power utility EDF.