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    SPIE   FR0012757854

SPIE SA

(SPIE)
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Spie Submits Offer for Engie's Technical Services Provider Equans

09/06/2021 | 05:18am EDT

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 giulia.petroni@wsj.com

(END) Dow Jones Newswires

09-06-21 0517ET

Stocks mentioned in the article
ChangeLast1st jan.
BOUYGUES -0.09% 34.38 Real-time Quote.2.23%
DJ INDUSTRIAL 0.17% 35711.24 Delayed Quote.16.57%
EIFFAGE S.A. -0.70% 87.74 Real-time Quote.11.77%
ENGIE -0.56% 12.094 Real-time Quote.-2.86%
SPIE SA -1.52% 20.76 Real-time Quote.18.47%
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Financials
Sales 2021 7 088 M 8 219 M 8 219 M
Net income 2021 174 M 201 M 201 M
Net Debt 2021 1 335 M 1 548 M 1 548 M
P/E ratio 2021 18,4x
Yield 2021 2,87%
Capitalization 3 379 M 3 930 M 3 918 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,61x
Nbr of Employees 45 851
Free-Float 86,3%
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SPIE SA Technical Analysis Chart | SPIE | FR0012757854 | MarketScreener
Technical analysis trends SPIE SA
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 11
Last Close Price 21,10 €
Average target price 25,38 €
Spread / Average Target 20,3%
EPS Revisions
Managers and Directors
Gauthier Louette Chairman & Chief Executive Officer
Michel Delville Director-Finance & Administrative
Peter James Mason Senior Independent Director
Regine Stachelhaus Independent Director
Tanja RŘckert Independent Director
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