PARIS (Reuters) - Engie (ENGIE.PA) CEO Isabelle Kocher said the utility had considered buying independent power retailer Direct Energie DIREN.PA but decided against it.
“We knew they were going to sell at some point ... but we did not need to buy an entry ticket into the French power market, we are already there,” she said.
She also said that the company has no plans to split up in the manner of Germany utilities E.ON and RWE.
“We do not feel market pressure for an operation of that kind,” she told reporters.
Reporting by Geert De Clercq; Editing by Sudip Kar-Gupta