|Bid||17.56 x 1961600|
|Ask||17.56 x 627900|
|Day's Range||17.12 - 17.87|
|52 Week Range||17.12 - 17.87|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The French government backs Jean-Pierre Clamadieu, chief executive of Belgian chemical group Solvay (SOLB.BR), to become chairman of gas and power group Engie (ENGIE.PA), a source close to the French finance ministry said on Monday. The source said Finance Minister Bruno Le Maire had met with Clamadieu on Monday and that the government, which owns 24.1 percent of Engie's capital, would support Clamadieu if he were to be proposed as chairman at a board meeting on Tuesday. A second source familiar with the situation said "there was a good chance" Clamadieu, a French national, would be chosen on Tuesday to succeed Gerard Mestrallet, who will retire in May.
Paris-based energy giant Total S.A. (TOT) will acquire France-based Engie’s upstream liquefied natural gas assets in a $1.49 billion deal. Both companies have a presence in Houston, and the deal includes an LNG export project with Houston ties. The assets Total is buying include Engie’s 16.6 percent stake in the Cameron LNG export terminal project in Hackberry, Louisiana.
RWE shares surged in Germany Friday on speculation that the country's second biggest utility could combine with France's Engie in a deal that could be worth $55 billion.