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8 months ago
Engie says provisions for nuclear activities to go up by 1.8 billion euros
December 13, 2016 / 8:06 AM / 8 months ago

Engie says provisions for nuclear activities to go up by 1.8 billion euros

Engie, the new name and logo of French utility GDF Suez, is pictured during the group's shareholders general meeting in Paris, France, April 28, 2015.Benoit Tessier

PARIS (Reuters) - French utility Engie (ENGIE.PA) said on Tuesday that provisions for its nuclear activities would go up by 1.8 billion euros (1.51 billion pounds), following a review of its Belgian reactors that could see them halted or dismantled.

Engie is currently undergoing a three-year restructuring, which will see it sell assets and invest more in areas such as renewable energy production, gas and distributed energy.

Reporting by Benjamin Mallet and Sudip Kar-Gupta; Editing by Mathieu Rosemain

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