ENGIE is the world’s fourth largest energy company with a market capitalization of around €37.7 billion, revenues of €82.6 billion in 2023 and almost 100,000 employees. The Company, formerly known as GDF Suez, is a French multinational utility company that was established in 2008 by the merger of Gaz de France (GDF) and Suez. It ensures the storage and delivery of gas to distribution networks, power generation facilities, and industrial sites, playing a crucial role in the country's energy security and a systemically critical role in several countries such as France and Belgium.

The French State has a shareholding in the Group of 23.64% which entitles it to 3 of the 15 seats on the Board of Directors (one Director representing the State appointed by decree, and two Directors appointed by the Shareholders’ Meeting at the proposal of the State). Through its shareholding, the French State holds 33.56% of the theoretical voting rights (33.71% of exercisable voting rights). As of January 31, 2024, other shareholders of ENGIE are Capital Group Companies (6.37%), BlackRock (5.01%), CDC (3.63%), employee shareholders (3.29%), and treasury stock (0.58%). The remaining share is public (57.48%).

 The proposed IFC investment consists of a senior loan for an aggregate amount of up to €500 million comprising: (i) an A Loan of up to €370 million for IFC’s own account; (ii) a Trust Loan of up to €47 million IFC acting in its capacity as the implementing entity for the MCPP; and (iii) parallel loans of up to €80 - 180 million mobilized by IFC. Structured as a green and sustainability-linked loan, the proposed investment will be used to finance and refinance solar and wind, operational and pipeline assets in Poland, South Africa and other emerging markets.

  IFC’s investment will be earmarked to eligible renewable energy projects in Poland, South Africa and other emerging markets.