June 26, 2018 / 6:45 AM / a month ago

French energy group Engie says it is not considering EDPR takeover

PARIS (Reuters) - French gas and power group Engie (ENGIE.PA) said it is not preparing for and is not considering a takeover of Portuguese renewable energy developer EDP Renovaveis (EDPR) (EDPR.LS).

FILE PHOTO: The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. REUTERS/Charles Platiau/File Photo

Bloomberg reported on Monday that Engie was considering a bid for EDPR, a unit of Portuguese utility EDP (EDP.LS), and that Engie was working with advisers on evaluating offers for all or part of the firm.

“Engie is not preparing for or even considering an offer for EDPR. There are no deliberations, no decisions have been taken,” said an Engie spokesman.

He added that following the press reports, Engie had made this position clear in a statement to the Portuguese financial market authorities.

Reporting by Geert De Clercq; Editing by Sudip Kar-Gupta

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