Caisse-backed Spie to raise 500 mln euros in new capital via IPO: Reuters
French energy and communications services group Spie plans to raise 500 million euros (US$682 million) in new capital as part of an initial public offering that should be completed by the end of this year, Reuters reported. The group, currently owned by private equity funds Ardian, Clayton Dublier & Rice and the Caisse de dépôt et placement du Québec, is also expected to sell existing stock in an offering that could value the group at about 4 billion euros (US$5.5 billion). Spie provides mechanical and electrical engineering services to improve energy efficiency.
10 July 2014•1 min read
