By Nathan Allen

France's Engie SA (ENGI.FR) said Friday that it has agreed to sell its shares in coal-fired power plants in the Netherlands and Germany to investment firm Riverstone Holdings LLC.

The French energy company said the sale should reduce its net debt by around 200 million euros ($222.8 million) but didn't give a specific deal value.

The portfolio includes plants in Rotterdam, Farge, Zolling and Wilhelmshaven and has total installed capacity of 2,345 megawatts.

After the sale, which is set to close in the second half, coal will represent 4% of Engie's global power-generation capacity, it said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

April 26, 2019 03:04 ET (07:04 GMT)

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