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Amec is to sell its Spie division, and split intelf into two separate companies. Rumour has it that Amec might be tempted to sell these new divisions. Below are ºÃÉ«ÏÈÉúTV’s suggestions for potential buyers | |||
Division | What is it? | Current status | Potential suitors |
Energy and process industries | This division will be heavily exposed to the oil and gas markets | To be retained as a quoted company. It is thought Amec views the business as its future | Unlikely to sell, but American firms such as Fluor and Halliburton may be interested |
UK infrastructure | A UK construction business that will include the facilities management, design and PPP investment arms | Will be set up as a quoted company, but it has been speculated that Amec is willing to sell it | Spanish firms, such as Ferrovial, the parent of Amey, and German groups, such as Hochtief, see PFI as a growth opportunity |
Spie | The France-based services division, which does Amec’s construction work across Europe | Up for sale – Amec says it anticipates getting “a significant premium to book value†| French groups Bouygues, Cegelec, Eiffage and Vinci have been tipped. Spie bosses favour a buyout |
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