Engie Sees U.S. Tax Reform as Having Benign Impact
22 Enero 2018 - 9:45AM
Noticias Dow Jones
By Nina Trentmann
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.
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)
Copyright (c) 2018 Dow Jones & Company, Inc.
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