--French energy company Engie SA is set to sell its nuclear- and industrial-maintenance arm Endel to Altrad Group, daily Le Figaro reports, citing people familiar with the matter.

--The sale would be for a "negative price," with Engie paying investment company Altrad to take struggling Endel off its hands, Le Figaro reports. The deal has the backing of the French state, a stakeholder in Engie, according to the people.

--Engie didn't immediately respond to a request for comment by The Wall Street Journal.

 

Full story: https://bit.ly/3DjTr3b

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

August 27, 2021 03:05 ET (07:05 GMT)

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