stockmarket

France's Engie is weighing a takeover of Emcor: Bloomberg


© Reuters. FILE PHOTO: The logo of French gas and power group Engie is seen on the company tower at La Defense in Courbevoie near Paris

(Reuters) – French utility Engie SA is considering a takeover of Emcor Group Inc, as it seeks to expand in the U.S. market, Bloomberg said on Saturday, citing people familiar with the matter.

Engie is working with advisers to pursue a deal for the U.S.-based electrical and mechanical construction and facilities services firm, according to the report.

No final decision has been made and the French company may decide against the offer, Bloomberg said https://bloom.bg/2DqCyGL.

Earlier this month a consortium led by Engie won a bid for Petrobras’ TAG pipeline arm with an $8.6 billion offer, in a bid to boost the company’s presence in the fast-growing Brazil market.

Neither Engie nor Emcor immediately responded to Reuters’ request for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.