Engie Not Interested in Innogy

 

Innogy shares rose and Engie stock fell on Tuesday following a report by Bloomberg late on Monday saying Engie was weighing a bid for networks, renewables and retail group Innogy, in which German utility RWE holds a 76.8 percent stake.

 

"We have no interest in being a minority shareholder in a big company that already has a controlling shareholder," BFM quoted the source as saying.

 

Engie declined to comment.


(Reporting by Geert De Clercq and Benjamin Mallet; Editing by Adrian Croft)