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Engie in talks over possible LNG gas unit sale to Total - report

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Engie in talks over possible LNG gas unit sale to Total - report

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PARIS (Reuters) – French utility Engie <ENGIE.PA> is in talks over the possible sale of its liquefied natural gas (LNG) division to Total <TOTF.PA>, financial newsletter La Lettre de l’Expansion reported on Monday. A deal could be reached in the coming weeks, La Lettre de l’Expansion said in a report which did not identify its source. It did not give a value regarding the possible sale. Officials at Engie and Total could not be reached for immediate comment. Engie Chief Executive Isabelle Kocher is in the midst of a restructuring plan that includes 15 billion euros ($17.7 billion) worth of asset sales and 22 billion euros of investment. Total has said it will start retailing gas and power in France by the end of this year and aims to win about two million customers. ($1 = 0.8496 euros)

(Reporting by Sudip Kar-Gupta and Pascale Denis; editing by Jason Neely)
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