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. 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 comes as France is struggling with a record budget deficit and unemployment of more than 10 percent.
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 comes as France is struggling with a record budget deficit and unemployment of more than 10 percent.