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Vukmir & Associates and Kapolyi Advise Engie on Sale of Construction Business to Bouygues

Vukmir & Associates and Kapolyi Advise Engie on Sale of Construction Business to Bouygues

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Vukmir & Associates and Kapolyi, working together with Herbert Smith Freehills’ Paris office, have advised Engie on the spin-off and sale of its construction and services business to Bouygues. White & Case's Paris office advised the Engie board of directors. Reportedly, Wolf Theiss, AKK, and Python Avocats also advised Engie in Austria, the Czech Republic, and Switzerland, respectively.

According to Vukmir & Associates, "in the first phase of the subject project, Engie has formed a separate division within its parent group covering technical services and facilities management, energy efficiency and regeneration, under the name Equans. The spin-off included 75,000 employees. In the second part of the project, Engie has [agreed to sell] Equans to French giant conglomerate Bouygues."

According to White & Case, "Bouygues' firm and binding offer values Equans at EUR 7.1 billion on an enterprise value basis. The proposed transaction will be submitted to the relevant employee representative bodies for consultation and is expected to close in the second half of 2022."

Engie is a French utility company that operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy, and petroleum. Bouygues is a French conglomerate.

The project covered a number of European jurisdictions, including France, Germany, Austria, Croatia, the Czech Republic, Hungary, and Switzerland.

The Vukmir & Associates team was led by Partners Tomislav Pedisic and Ivan Cuk and included Associates Tea Cerinski, Marko Knezevic, and Karlo Brekalo.

Kapolyi's team was led by Senior Attorney Gabor Horvath.

Croatian Knowledge Partner

Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

All News about, and Legal Analysis by, Čipčić-Bragadin Mesić & Associates can be found here.

Firm's website: cipcic-bragadin.com


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