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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.

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