Engie Exits Kuwait, Bahrain

Engie Exits Kuwait, Bahrain With $693 Million Sale to Saudi Firm
France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million.
Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday.
ENGIE strengthens its strategic focus with divestment of power and water desalination assets in Kuwait and Bahrain
In Kuwait, ENGIE will divest its 17.5% shareholding in Az Zour North, a 1.5 GW capacity gas and desalination plant, capable of producing 107 million imperial gallons of water daily (MIGD). ENGIE will also divest its 50% stake in Az Zour North O&M company.
Engie stock rises on asset sale to ACWA Power
Engie is divesting its 17.5% stake in the 1.5 GW Az Zour North gas and desalination plant in Kuwait, along with its 50% stake in the associated operations and maintenance company. Additionally, the company is selling its interests in Bahrain, which include a 45% stake in the Al Dur 1.2
ACWA to acquire ENGIE’s assets in Bahrain and Kuwait for $693m
Saudi Arabia-based energy company ACWA Power has signed a share purchase agreement with the regional subsidiary of French utility developer ENGIE to acquire assets located in Bahrain and Kuwait valued at $693m.
ACWA Power Secures $693 Million Deal for Kuwaiti and Bahraini Assets
Dubai Saudi Arabia’s ACWA Power has entered into a definitive agreement to acquire significant stakes in power generation and water desalination assets from French utility developer ENGIE. The transaction,
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