Engie selects Bouygues' bid to buy Equans unit -source

Bain Capital Specialty Finance

05/11/2021 22:30

PARIS, Nov 5 (Reuters) - French energy firm Engie  ENGIE.PA 
has accepted French conglomerate Bouygues'  BOUY.PA  bid to buy
its Equans services division, a source familiar with the matter
said on Friday after Engie's board met to consider offers.
    Equans provides energy and facilities management services to
client companies and employs around 40% of Engie's total
workforce worldwide. The sale of the division forms part of a
broader sale of non-core assets at Engie.
    Bouygues' offer was in competition with rival bids from
French civil engineering group Eiffage  FOUG.PA  and U.S.
private equity group Bain Capital  BCSF.N  after French
industrial services firm Spie and U.S. private equity firm
Carlyle withdrew earlier.

 (Reporting by Gwaenelle Barzic, Editing by Rosalba O'Brien)
 ((leigh.thomas@thomsonreuters.com; +33 1 4949 5143;))