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Last updated : 01/10/2026 - 12h20
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Belgian Nuclear: Engie and the State Postpone Heads of Terms Conclusion to November 4

The timeline for discussions between Engie and the Belgian State regarding nuclear activities has been delayed. The parties are granting themselves an additional period to finalize their ongoing analyses and discussions before the target date for concluding the Heads of Terms.


Belgian Nuclear: Engie and the State Postpone Heads of Terms Conclusion to November 4

Target Date Postponed to November 4, 2026

Engie announced on September 30, 2026 that the Belgian State, Engie S.A. and Electrabel NV/SA have agreed to postpone to November 4, 2026 the target date for the conclusion of the Heads of Terms. These Heads of Terms were scheduled as part of the letter of intent signed on April 29, 2026. The document is part of the project for the Belgian State's acquisition of nuclear activities. According to the press release, an additional period is necessary to allow the parties to finalize their analyses and ongoing discussions, given the complexity and scope of the envisaged transaction.

Discussions Still Ongoing

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The transaction concerns a potential acquisition of nuclear activities by the Belgian State. At this stage, the parties have not yet concluded the Heads of Terms, which were provided for in the letter of intent of April 29, 2026. The postponement of the target date should allow the parties to finalize their analyses and ongoing discussions.



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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 36 707 millions d'euros
  • Quarterly revenue: 36 707 millions d'euros
  • EBITDA: 7 858 millions d'euros
  • EBITDA margin: 21,4 %
  • Net income: 3 323 millions d'euros
  • Free cash flow: 6 900 millions d'euros
  • 54 922 millions d'euros
Guidance from the release
  • nous relevons notre guidance 2026 de résultat net récurrent part du Groupe

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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