Conglomerate Bouygues submits binding offer for Engie's Equans (updated)

Bain Capital Specialty Finance

03/11/2021 07:20

(adds details)
    PARIS, Nov 3 (Reuters) - French construction and telecoms
group group Bouygues  BOUY.PA  said it had made a binding offer
to acquire Equans, the services unit of French power group Engie
 ENGIE.PA  estimated to be worth 5-6 billion euros ($5.79-$6.95
billion).
   "As stated on Sept. 7, 2021, Bouygues would not require a
capital increase to finance this transaction," added Bouygues,
which also said it would disclose more information to the market
in due course if necessary.
    Apart from Bouygues, Eiffage  FOUG.PA  and Bain Capital
 BCSF.N  were still in the race to buy Equans after Spie and
Carlyle withdrew.
    Equans provides energy and facilities management services to
client companies and employs around 40% of Engie's total
workforce worldwide.
    The value of the deal is estimated at around 5 billion to 6
billion euros, sources close to the deal have said. 
    ($1 = 0.8633 euros)

 (Reporting by Dominique Vidalon;
Editing by Sudip Kar-Gupta)
 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters
Messaging: dominique.vidalon.reuters.com@reuters.net))