EU probes tax deals granted by Luxembourg to French utility Engie

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The European Commission said the utility giant, formerly called GDF Suez, may have received significant tax breaks that gave it and unfair advantage over other companies and in breach of EU state aid rules.

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European Union antitrust regulators opened a probe on Monday into tax deals granted by Luxembourg to French power utility Engie, stepping up the EU's campaign against tax avoidance by multinationals, reports Reuters.