Report
Anis Zgaya ...
  • Louis Boujard, CFA
  • Philippe Ourpatian

ENGIE : TAG: an accretive impact of 3-4% as of 2020

>A net holding of 49.3% in TAG - Engie yesterday announced the details of its acquisition of 90% of Transportadora Associada de Gas (TAG) through a consortium with Caisse de Dépôt et Placement du Québec (CDPQ). TAG is Brazil’s largest natural gas pipeline operator, with 4,500 km of pipelines which account for 47% of the country’s total gas infrastructure. The consortium is owned by Engie with 32.5%, Engie Brasil Energia with 32.5% and CDPQ with 35%. TAG will be equity...
Underlying
ENGIE SA.

Engie is an industrial group, based in France, active in the fields of gas, electricity, energy services and the environment. Co. is an energy provider across the entire energy chain, in electricity and in natural gas, including: purchase, production and commercialization of natural gas and electricity; transport, distribution, management and development of major natural gas infrastructures; design and commercialization of energy services and environment-related services. Co.'s activities are conducted through five segments: Energy Europe, Energy International, Global Gas and LNG, Infrastructures, and Energy Services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anis Zgaya

Louis Boujard, CFA

Philippe Ourpatian

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