French energy and services group ENGIE has been shortlisted to buy Bilfinger’s property businesses, including Bilfinger GVA.
Paris-listed ENGIE, previously known as GDF Suez, has a market cap of €34bn (£26.7bn). The Bilfinger businesses would be integrated with ENGIE’s workplace services division, previously known as Cofley GDF Suez, which provides energy and technical advice and facilities management services.
JLL, Swedish private equity firm EQT and a German private equity firm are also shortlisted to buy the property businesses.
Bilfinger said: “The executive board is reviewing the offers in the interest of the company without bias as to the outcome.
“The review has not yet been completed and will take another few weeks. A decision on a possible sale would have far-reaching consequences for the future positioning and strategy of the group. The review is therefore being conducted with tremendous care – the emphasis is on diligence over speed.”
Bilfinger intends to sell the businesses as an entire package.
