The Limited Times

Now you can see non-English news...

Bouygues acquires Equans at a high price

2021-11-07T19:49:38.990Z


Martin Bouygues' group acquires Engie's “multitechnical services” activities for 7.1 billion euros. The last rounds had not been stingy with low blows. They announced a stormy outcome. The fight ended with an undisputed knockout. Bouygues, which was given the winner from the start of the sales process by Engie, held its rank as favorite. An Engie board of directors decided on Friday November 5 to open exclusive negotiations with the group chaired by Martin Bouygues with a view to the sale of Equ


The last rounds had not been stingy with low blows.

They announced a stormy outcome.

The fight ended with an undisputed knockout.

Bouygues, which was given the winner from the start of the sales process by Engie, held its rank as favorite.

An Engie board of directors decided on Friday November 5 to open exclusive negotiations with the group chaired by Martin Bouygues with a view to the sale of Equans for a valuation of 7.1 billion euros.

A very high price, since the seller had let filter by launching the process that he hoped for

"between 5 and 6 billion euros"

.

Read also

With Equans, Bouygues takes a new turn

Unsuccessful candidates do not contest victory.


“Bouygues wanted Equans.

They paid the price, ”

observes, a little annoyed, one of them.

It is rumored that the Bain investment fund would have been 300 million euros below the Bouygues offer.

And that the gap would be even greater with Eiffage, which was undoubtedly a little financially limited compared to its two competitors.

This article is for subscribers only.

You have 71% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-11-07

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.