ENGIE enters into exclusive negotiations with Bouygues for the sale of EQUANS

ENGIE provides entered into special negotiations with Bouygues for the selling of  its services-led company, EQUANS, for a valuation of €7.1 billion

Following decision of its Panel of Directors, and following a aggressive and rigorous process, ENGIE mentioned the “Bouygues’ provide was probably the most compelling considering all criteria including economic valuation” .

It is a major step of progress in the Group’s execution of its strategic program presented in-may 2021 towards creating a simpler ENGIE that’s focused on accelerating expense in its core routines, notably in Renewables, to attain the Group’s environment ambition of Internet Zero including all 3 scopes by 2045.

EQUANS is really a global multi-technical services innovator, july 2021 that was created on 1, as another division within ENGIE. It employs 74,000 individuals in 17 countries, which 27,000 in France, and generates an yearly turnover of over €12 billion.

Through the acquisition of EQUANS, Bouygues intends to produce a world head in multi-technical solutions, anchored in France. Bouygues has decided to not put into action any forced redundancy programs in European countries and France for five yrs after closing, also to create 10,000 extra jobs.

ENGIE expects the offer to near in H2 2022, at the mercy of regulatory approvals and customary closing circumstances.


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