Known most popularly as GDF Suez, which was the company’s name prior to April 2015, Engie is a French multinational electric utility holding company.
Image: company website
Formed only in the July of 2008 as a result of a merger between Gaz de France and Suez, the company is a successor of the Universal Canal Company which was found in 1858 to construct the Suez Canal. The company has shown spectacular growth which is very much evident by its huge market cap, surpassing even that of the much older players in the power sector.
Primarily listed as ENGI over Euronext, the company also forms a Euro Stoxx 50 stock market index component. The present headquarters are located at La Defense, Courbovie, France and the the current CEO is Isabelle Kocher. The company has also shown tremendous growth in terms of employment options available with the number of employees surging to 154950 over just a 7 year period, since its inception. Engie has a very creative shareholding pattern with the employees of the company being owners of 2.72% of the stock. The major shareholder though being the State of France while over 55% is Publicly Floated.
The majority of company businesses include Natural gas production, Electricity Generation and distribution. Among the sources it relies majorly on Hydro Power, Wind Power and also focuses on Energy Trading.