Finance
Conglomerate Bouygues submits binding offer for Engie’s Equans
Published by maria gbaf
Posted on November 3, 2021
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on November 3, 2021
1 min readLast updated: January 28, 2026
Bouygues has submitted a binding offer for Engie's Equans, valued at 5-6 billion euros, with no capital increase required. Eiffage and Bain Capital remain contenders.
PARIS (Reuters) – French construction and telecoms group group Bouygues said it had made a binding offer to acquire Equans, the services unit of French power group Engie 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 and Bain Capital 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)
The main topic is Bouygues submitting a binding offer to acquire Engie's Equans unit.
Eiffage and Bain Capital are still in the race to acquire Equans.
Equans is estimated to be worth between 5 and 6 billion euros.
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