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Engie to relocate Asia Pacific headquarters to Singapore

Engie to relocate Asia Pacific headquarters to Singapore
FILE PHOTO: The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. REUTERS/Charles Platiau   -   Copyright  CHARLES PLATIAU(Reuters)
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SINGAPORE (Reuters) – French gas utility Engie SA <ENGIE.PA> said on Monday it will relocate its Asia-Pacific headquarters to Singapore from Thailand’s capital Bangkok next year and plans to more than double its workforce in the region over the next decade.

Engie currently employs about 4,000 staff in the Asia-Pacific, which contributes $3 billion (2.34 billion pounds)to its global revenues, the company said in a statement.

“Singapore is a natural choice for us as we grow our footprint in this region,” said chief executive of Engie Asia-Pacific Paul Maguire, adding that many of the firm’s customers were based in the city-state, with businesses across the region.

Engie in March announced an S$80 million ($58 million) investment plan to build a centre of expertise in Singapore in energy efficiency.

The new headquarters is expected to be fully operational by middle of next year, it said.

($1 = 1.3807 Singapore dollars)

(Reporting by Jessica Jaganathan; editing by Richard Pullin)

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