France 's state investment agency has said the country's government has sold 99.9 million shares in utility company Engie, raising €1.53bn ($ 1.82bn ) to be used in employee savings plans. 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. The move has reduced the state's stake in the company to 27.6% and its voting rights to 24.1% , but it remains the company's majority stakeholder and will continue to offer guidance during Engie 's strategic transformation.
France 's state investment agency has said the country's government has sold 99.9 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 27.6% and its voting rights to 24.1% , but it remains the company's majority stakeholder and will continue to offer guidance during Engie 's strategic transformation.