French government sells 111 million shares in Engie
France's state investment agency has said the country's government has sold 111 million shares in utility company Engie, raising €1.53bn ($1.82bn) to be used in employee savings plans. The move has reduced the state's stake in the company to 24.1% and its voting rights to 27.6%, but it remains the company's majority stakeholder and will continue to offer guidance during Engie's strategic transformation.
The French government said late Tuesday that it sold 111 million shares in Engie SA (ENGI.FR) to institutional investors and the company itself for 1.53 billion euros ($1.82 billion).

The shares represent 4.56% of Engie's total capital.

France's state investment agency said it placed 99.9 million shares at EUR13.80 each to institutional investors and sold 11.1 million shares to the energy company at the same price.