Engie (formerly known as GDF Suez) was founded in 2008 via the merger of Gaz de France and Suez. It’s worth noting that Suez was founded in 1858 as part of the original group that was involved with the building of the Suez Canal.
The French company’s business focus is primarily geared towards providing the development of electricity, natural gas and renewable energy sources to many parts of its nation. As France’s second-largest energy provider and the largest independent utility company in the world, the company is publicly held and listed as a component of the Euro Stoxx 50 stock market index under the symbol ENGI.
Aside from providing electricity and renewable energy sources throughout France, Engie is also involved in the the development and distribution of electricity and natural gas in other European countries such as the Netherlands and Belgium as well as in parts of Brazil and Thailand. The company also holds a 50% stake in NuGeneration, a British company that in currently working on the development and construction of a nuclear power plant in Sellafield in the United Kingdom.
As the largest natural gas provider in all of Europe, Engie is responsible for all aspects of the natural gas industry, starting with exploration through production all the way up to distribution. The distribution is handled through the company’s own network, which stands as the second largest gas transportation network in Europe.
An employee base of almost 155,000 people worldwide is led by Isabelle Kocher (CEO) and Gérard Mestrallet (Chairman). The company’s main headquarters is located in La Défense, Courbevoie, France. For the fiscal year ended in 2015, the company reported total revenues of €69.9 billion, which was converted into a net profit of €2.6 billion. On its balance sheet, Engie showed net assets of €160.658 billion and total stockholders’ equity of €48.750 billion.