Engie share price hits 17-year high on $14bn UK Power Networks buy — what investors watch next
Engie shares jumped nearly 8% to 29.7 euros, the highest since 2009, after agreeing to buy UK Power Networks for £10.5 billion. The deal marks Engie’s largest acquisition and comes as the company reported a 1% drop in 2025 earnings. Funding plans and dividends are under scrutiny ahead of an April 29 shareholder vote. The board proposed Jean-Pierre Clamadieu remain chairman until 2027, with Michel Giannuzzi set to succeed him.