The Caisse des Dépôts entered into exclusive negotiations with the Tikehau Capital fund to sell it 42% of Egis, its subsidiary specializing in construction engineering, the two parties announced.
The Caisse des Dépôts, the financial arm of the State, now owns 75% of Egis and will therefore become a minority.
Partner executives, who hold 19%, will have the option of selling or acquiring 2% from Tikehau Capital.
At the end of the transaction, the fund will therefore hold between 40% and 44% of Egis. The rest will be held, as today, by employees of the group.
"The arrival of Tikehau Capital would represent a major step in the realization of Egis' strategic plan, primarily focused on the international market, and aiming, with a doubling of turnover within five years, to position the group in the world's top 10 engineering, ”the statement said.
In 2020, Egis' turnover amounted to around one billion euros and the group is currently positioned more or less around the twentieth place in the world.
The amount of the transaction has not been disclosed and it "could be carried out by the end of 2021, subject to the approval of the competent administrative and regulatory authorities", specifies the text.
Selection of products
To read also
-
Argan announces a capital increase
-
House builder AST placed in “accelerated safeguard” procedure
-
Sunrock establishes itself in France: a new major player for solar on commercial roofs
-
Vinci announces the acquisition of 50,01% of Edinburgh Airport for 1,5 billion euros
-
Acorus continues its growth and announces the recruitment of 800 new employees in 2024
-
Adopt an office serving sustainable buildings: reuse of sound booths from the Olympic village
-
Petrofac worries investors about its debt and unwinds in London
-
Deskeo signs a new building in Neuilly-sur-Seine at 145 Avenue Charles de Gaulle
Popular News
-
Old property prices are still falling but a recovery is taking shape
-
A report on anticipating the effects of +4°C warming reaffirms the need for housing adaptation
-
AI is already revolutionizing businesses in architecture, engineering, construction... according to Autodesk's "State of Design & Make" study
-
The slowdown in the decline in mortgage rates continues
