Spie: abandons plans to acquire Equans
(CercleFinance.com) - Spie has announced that it is withdrawing from the competitive process for the acquisition of Equans.
Spie previously filed a non-binding offer for the acquisition of Equans on 6 September, 2021, and was subsequently selected by the seller to participate in the due diligence phase.
"SPIE considers that the information made available as part of this ongoing due diligence phase is not sufficient to allow the Company to prepare, within the defined timeframe, a binding offer that meets its standards and objectives".
Spie has therefore decided to terminate its work and will not submit an offer at the end of this due diligence phase.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
Spie previously filed a non-binding offer for the acquisition of Equans on 6 September, 2021, and was subsequently selected by the seller to participate in the due diligence phase.
"SPIE considers that the information made available as part of this ongoing due diligence phase is not sufficient to allow the Company to prepare, within the defined timeframe, a binding offer that meets its standards and objectives".
Spie has therefore decided to terminate its work and will not submit an offer at the end of this due diligence phase.
Copyright (c) 2021 CercleFinance.com. All rights reserved.