ENGIE launches a capital increase to acquire UK Power Networks

ENGIE has announced a €3 billion capital increase to finance the acquisition of 100% of UK Power Networks. This transaction will be carried out through the issuance of new shares with the elimination of preferential subscription rights, via an accelerated book-building process. The funds raised will help maintain ENGIE's credit rating. The French State, which holds 23.6% of ENGIE's share capital, will not participate in this capital increase.

The acquisition is financed by Bank of America and BNP Paribas. The new shares will be issued without a public offering, exclusively reserved for qualified investors. Settlement is expected around March 3, 2026. Current shareholders should be aware of the risks of dilution and share price fluctuations.