Engie has sold its stake in Chongqing Sino-French Energy Services to Singapore Power Group
Shanghai – CFI is pleased to announce that it acted as exclusive financial advisor to Engie in the sale of its 40% stake in Chongqing Sino-French Energy Services to Singapore Power Group.
ENGIE is the world leading independent power producer and the global reference in low-carbon energy and services.
Established in 2010, SFES was a joint-venture company between ENGIE and Chongqing Gas Group, the leading Chinese state-owned gas supplier. SFES is the local market leader for District Heating and Cooling (DHC) and Combined Cooling Heating and Power (CCHP) solutions.
Singapore Power Group (SP) is a leading utilities group in Asia Pacific, enabling a low carbon, smart energy future for its users. SP realizes with the SFES operation its first acquisition of an energy asset in China.
This transaction closed on 5 March 2021.
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Engie has sold its stake in Chongqing Sino-French Energy Services to Singapore Power Group
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