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BREAKING NEWS

BREAKING NEWS

France's Engie is weighing a takeover of Emcor: Bloomberg

France's Engie is weighing a takeover of Emcor: Bloomberg
FILE PHOTO: The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. REUTERS/Charles Platiau/File Photo -
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Charles Platiau(Reuters)
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(Reuters) - French utility Engie SA is considering a takeover of Emcor Group Inc, as it seeks to expand in the U.S. market, Bloomberg said on Saturday, citing people familiar with the matter.

Engie is working with advisers to pursue a deal for the U.S.-based electrical and mechanical construction and facilities services firm, according to the report.

No final decision has been made and the French company may decide against the offer, Bloomberg said https://bloom.bg/2DqCyGL.

Earlier this month a consortium led by Engie won a bid for Petrobras' TAG pipeline arm with an $8.6 billion offer, in a bid to boost the company's presence in the fast-growing Brazil market.

Neither Engie nor Emcor immediately responded to Reuters' request for comment.

(Reporting by Sabahatjahan Contractor; Editing by Alistair Bell)

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