By Giulia Petroni


Spie SA said Monday that it is submitting a non-binding offer to acquire Engie SA's newly created technical-services provider Equans.

The French engineering company said the acquisition would be funded through a combination of debt and equity. Investment bank Bpifrance and U.S. private-equity company Clayton, Dubilier & Rice, LLC would help provide equity financing.

"This project and its financing structure would allow for a solid earnings per share accretion as early as the closing of the transaction, and growing strongly thereafter," Spie said.

The offer is subject to confirmatory due diligence.

Equans was launched earlier this year as an independent business, managing most of Engie's services-led activities in 17 countries. Equans combines activities that have a total 12 billion euros ($14.25 billion) in revenue, according to Engie.

French utility company Engie previously said it would consider all options regarding the evolution of the shareholding structure of Equans.

Other parties interested in a deal include French construction-and-media conglomerate Bouygues SA and construction-and-concessions group Eiffage SA.


Write to Giulia Petroni at


(END) Dow Jones Newswires

September 06, 2021 05:17 ET (09:17 GMT)

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