Caisse-backed Spie plans to raise up to 1.2 bln euros in offering: Reuters
Spie, a company that dates back to the construction of the Paris Metro rail network more than a century ago, plans to raise up to about 1.2 billion euros (US$1.5 billion) in a stock market offering that could value it at as much as 2.75 billion euros, Reuters reported. The energy services company said proceeds will be used to cut debt, increase financial flexibility and pursue its growth strategy. Spie is currently majority owned by private equity firms Ardian and Clayton Dublier & Rice, along with the Caisse de dépôt et placement du Québec.
29 September 2014•2 mins read
