Engie Raises €3 Billion to Help Fund UK Power Networks Acquisition

Engie SA ( (FR:ENGI) ) has shared an announcement.

Engie has completed a €3 billion share capital increase through a private placement of 107,142,857 new shares, equivalent to about 4.4% of its pre‑issue capital, priced at €28 per share with a 3.2% discount to the last closing price. The new shares, carrying immediate dividend rights and fully fungible with existing stock, are aimed at partially funding the acquisition of UK Power Networks while supporting the group’s investment‑grade credit rating, with settlement expected around 3 March 2026.

The capital increase was executed without shareholders’ preferential subscription rights and placed exclusively with qualified investors under existing shareholder authorizations. The French State, which owns 23.6% of Engie, did not participate in the transaction, and Engie has agreed to a 180‑day lock‑up on new issues, implying limited dilution, as a 1% shareholder falling to about 0.96% post‑transaction, while the bridge financing for the UK Power Networks deal has already been fully secured.

The most recent analyst rating on (FR:ENGI) stock is a Buy with a EUR33.00 price target. To see the full list of analyst forecasts on Engie SA stock, see the FR:ENGI Stock Forecast page.

More about Engie SA

Engie SA is a France-based global energy group active across electricity generation, gas and related energy services. The company focuses on low‑carbon power, networks and customer solutions, with a strong presence in regulated infrastructure and utility-scale operations in Europe, including on Euronext Paris and Brussels and the Luxembourg Stock Exchange.

Average Trading Volume: 3,967,270

Technical Sentiment Signal: Buy

Current Market Cap: €65.33B

See more insights into ENGI stock on TipRanks’ Stock Analysis page.