Engie Sees U.S. Tax Reform as Having Benign Impact

By FeaturesDow Jones Newswires

France's Engie SA (ENGI.FR) said it expects a "neutral or slightly positive impact" from the recent U.S. corporate tax overhaul.

"The subsidies to the renewables business have been preserved, which was important for our development," a spokeswoman for the French utility said.

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Engie recently disposed some of its activities in the U.S. which is why the changes in the valuation of deferred tax assets will only have a very limited impact on the company, the spokeswoman said.

The company anticipates an accounting charge of less than 100 million euros ($122.6 million) as a result of the changes.

Write to Nina Trentmann at Nina.Trentmann@wsj.com, @Nina_Trentmann

(END) Dow Jones Newswires

January 22, 2018 10:30 ET (15:30 GMT)

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