Bouygues Agrees to Buy Engie’s Equans for $8.2 Billion
- Engie seeks to accelerate investment in renewable energies
- Bouygues aims to boost its own struggling energy services unit
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French conglomerate Bouygues SA agreed to buy energy giant Engie SA’s services unit Equans for 7.1 billion euros ($8.2 billion) in what would be one of the country’s largest deals this year.
“This is the biggest acquisition Bouygues has ever made,” Chief Executive Officer Olivier Roussat said in a statement on Saturday. “The multitechnical services market is an up-and-coming one with strong growth potential, and will play a crucial role in the energy transition.”