France’s Engie in Talks to Exit Nuclear Energy in Belgium

Engie SA is entering talks to sell its Belgian nuclear operations to the state as the French utility seeks to focus on renewables and energy networks, while Brussels doubles down on atomic power.

Engie has signed a letter of intent setting out the framework for exclusive talks, the company said in a statement on Thursday. The potential transaction includes seven reactors, two of which are operational, and decommissioning obligations.