CNR model

Capital structure

Since 2003, CNR’s share capital is marked by a fine balance between public and private ownership. This balance allows it to keep its identity and preserve its attachment to the values of public service.

Although the majority if its shares are publicly owned – the Groupe Caisse des Dépôts and local authorities own 50.03% of them – CNR’s reference shareholder is ENGIE, which entered its capital in 2003. There is positive interaction between the public and private interests present in CNR Supervisory Board, as each of them provide their competences to achieve a common goal. The structure of its capital underlines the balance achieved by CNR between seeking profitability and fulfilling the mission of public service.

  • GDF SUEZ Group : 49,97 %

A major player in the energy sector, ENGIE provides CNR with its industrial discipline and its knowledge of international markets. ENGIE has provided its experience of electricity markets and its knowhow in energy sales, while taking into account CNR’s corporate culture.

  • Deposits and Consignments Fund : 33,2 %

Its presence in CNR’s capital is strategic. Territorial development, renewable energies and missions in the general interest fall within the framework of this player which traditionally works closely with local authorities. Its core priorities also include energy and environmental transition.

  • Local collectivities : 16,83 %

Local authorities are represented on CNR’s Supervisory Board by the Rhône-Alpes and Provence-Côte d’Azur Regions, and the departments of Bouches-du-Rhône (5.38% of the share capital) and Haute-Savoie. The leaders of the departments and municipalities crossed by the Rhone are closely attached to CNR’s model of governance and development, which generates economic activity and jobs in their territories.

Capital structure


On the same subject