Eiffage will be a candidate for the acquisition of Equans from Engie

Eiffage will be a candidate for the acquisition of Equans from Engie
Eiffage will be a candidate for the acquisition of Equans from Engie

EIFFAGE WILL BE A CANDIDATE FOR THE ACQUISITION OF EQUANS FROM ENGIE

by Benjamin Mallet

PARIS (Reuters) – Eiffage will be a candidate for the acquisition of the new multi-technical services entity created by Engie, Equans, as part of the auction process set up for the operation, two sources in the know said Thursday. the intentions of the construction group and concessions.

Eiffage, which confirms its interest in the case, is thus adding to an already long list of potential candidates for the acquisition of Equans, which could interest Bouygues and Spie, as well as investment funds such as PAI Partners, Bain Capital , CVC, EQT, Apollo or even Carlyle.

According to two sources familiar with Eiffage’s intentions, the group will submit its offer in early September.

One of the sources specified that Eiffage would embark on its own in the acquisition of Equans and that the operation would allow it to more than quadruple the turnover of its “Energy and services” activities, which would increase from around 4 billion euros in 2020 to nearly 17 billion.

“We confirm our interest in this file that we are studying alone,” said a spokesperson.

Engie declined to comment on this information.

“Eiffage’s asset is to respond to several employee concerns, in particular because the head office and anchoring would remain in France and because the group is less international than Bouygues and above all wants to remain Franco-European” , estimated one of the sources interviewed by Reuters.

Engie announced at the end of June that it would study its options to sell Equans, whose activities bring together a wide range of installation and maintenance services in electricity, heating, ventilation and air conditioning, refrigeration, mechanics and robotics, digital or general services.

Sources familiar with the process further told Reuters that Engie expected the first offers to buy Equans in September, in a deal that could value the company between 5 and 6 billion euros.

(Edited by Bertrand Boucey)

 
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