French energy giant GDF Suez changed its name as “Engie”, the company announced on Friday.
GDF Suez said that ‘as the world changes, all energies change with it’ and decided to rename the company.
"The energy transition is more than ever a reality for which we have both great ambition and a great responsibility. To meet new challenges of this reality and to accelerate our development, we have decided to give the group this name," said Gerard Mestrallet, CEO of Engie.
Engie uses the rising sun as its logo, which symbolizes a new day in the world of energy. The company’s new signature will be “by people for people.”
GDF Suez was taking its name from the Suez Canal.
GDF Suez came into existence in 2008, which was the combination of two French companies Suez and Gaz de France.
The French government owns the 33.3 percent of the company while institutional investors and others hold 56 percent and the rest by several shareholders.
By Murat Temizer
Anadolu Agency
murat.temizer@aa.com.tr