GDF Suez
 |
|
| Société Anonyme | |
| Traded as | Euronext: ENGI |
| Industry | Electric utility |
| Predecessor |
Gaz de France Suez |
| Founded | July 22, 2008 |
| Headquarters | La Défense, Courbevoie, France |
|
Key people
|
Isabelle Kocher (CEO) Gérard Mestrallet (Chairman) |
| Products | Natural gas production, sale and distribution, electricity generation and distribution, hydroelectricity, wind power, energy trading |
| Revenue |
 €69.9 billion (2015)
|
| Profit | €2.6 billion (2015) |
| Total assets | €162.3 billion (end 2015) |
| Total equity | €48.750 billion (end 2015) |
| Owner |
|
|
Number of employees
|
154,950 (average, 2015) |
| Website | engie.com |
Engie (known as GDF Suez prior to April 2015) is a French multinational electric utility company, headquartered in La Défense, Courbevoie, which operates in the fields of electricity generation and distribution, natural gas and renewable energy. The company is a component of the Euro Stoxx 50 .
The company, formed on 22 July 2008 by the merger of Gaz de France and Suez, traces its origins to the Universal Suez Canal Company founded in 1858 to construct the Suez Canal. Since the merger in 2008, the French state holds approximately a third of the company. It adopted the "Engie" name in April 2015 in order to emphasize the changing nature of its energy business and de-emphasize its historical role as a nationalized gas monopoly.
The company holds a 35% stake in Suez Environnement, the water treatment and waste management company spun off from Suez at the time of the merger. GDF Suez bought 70% of Britain's International Power in August 2010, creating the world's largest independent utility company. The purchase of the remaining 30% was announced by GDF Suez in April 2012, and the transaction completed in July 2012. On July 1, 2015, the company announced the acquisition of solar parks developer Solairedirect, which makes it the largest solar power electricity producer in France.
As of 2015, Engie employs 154,950 people worldwide with revenues of €69.9 billion. Engie is listed on the Euronext exchanges in Paris and and is a constituent of the CAC 40 and BEL20 indices.
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