goetzpartners advised ENGIE on the sale of its 4.71% stake in Encevo to POST Luxembourg

Deal Announcement

April 9, 2018 - goetzpartners Corporate Finance advised ENGIE, the France based multinational energy and services group, on the sale of its 4.71% stake in Encevo, the Luxembourg based utility. The stake in Encevo was acquired by POST Luxembourg, the Luxembourg based provider of postal, telecommunications and financial services. ENGIE, which maintains operations in 70 countries around the world, sold the minority stake in order to optimise its participation portfolio. The parties agreed not to disclose the financial details of the transaction which closed on February 21, 2018.

The acquisition of a stake in Encevo by POST Luxembourg was made in the context of structural changes in the energy and telecommunications landscapes. It will allow the two companies to position themselves as partners and service providers in the fields of smart and decentralised energy networks. POST Luxembourg will be granted rights of representation on the Boards of Directors of Encevo, Enovos and Creos, the group's main companies.

goetzpartners Corporate Finance acted as exclusive financial advisor to ENGIE. This marks our 6th successful transaction involving Encevo and further strengthens goetzpartners’ extensive energy sector credentials.

ABOUT ENCEVO

Encevo (formerly known as Enovos International) is a Luxembourg based utility company focused on the Luxembourgian, German, French and Belgian electricity and gas markets. The group is active in the operation of electricity and gas grids through Creos and the generation and distribution of electricity and gas through Enovos. Encevo operates over 300,000 delivery points, more than 10,150km of electrical power lines and over 3,700km of gas lines. The company employs a workforce of over 1,500 staff and generates sales of about EUR 2.0bn.

ABOUT ENGIE

ENGIE (formerly known as GDF Suez) is a France based multinational group active in electricity, natural gas and energy services. The group maintains operations in 70 countries, employs more than 150,000 people and generates sales of about EUR 65bn. ENGIE is listed on the Euronext exchanges in Paris and Brussels.

THE GOETZPARTNERS TRANSACTION TEAM

Dr. Jan-Hendrik Röver
Managing Director
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Matthias Volk
Associate Director
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Leonard Rasche
Associate