Spie : Implications du scénario d’un rachat d’Equans
>Spie a dévoilé la semaine dernière les contours de son offre indicative sur Equans, la filiale de services multi-techniques mise en vente par Engie - La structuration financière nous semble un peu moins agressive que ce que nous redoutions, avec un levier net pro-forma d’environ 3x (alors que le CEO avait indiqué fin juillet que le levier pourrait remonter jusque 3,0- 3,5x en cas d’opération transformante, et le levier de Spie avait atteint 3,3x en 2017 suite à l’a...Spie is a provider of electrical engineering and IT services and an infrastructure and building contractor. Co. helps to design, finance, manage and implement an array of projects ranging from high-speed TGV and conventional rail lines to metros and light rail systems. In addition, Co. offers telecom and information network services. Through the Commercial Segment, Co. is engaged in construction and renovation projects. Co. also offers wired building services as well as multi-disciplinary industrial maintenance and facilities management solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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