France's Engie Looks to Power Up Earnings via Acquisitions -Reuters

03/06/18 08:15 AM EST

--Power utility Engie is seeking to generate cash via acquisitions after the sale of EUR15 billion in so-called old-world assets blew "a hole" in its earnings, Reuters says, citing unnamed sources.

--According to Reuters, Engie's management presents potential acquisitions to the board every three months and bankers have named Dutch utility Eneco as a possible target.

--Engie issues results for 2017 on Thursday.


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(END) Dow Jones Newswires

March 06, 2018 08:15 ET (13:15 GMT)

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