By Ed Frankl

Bouygues said Tuesday that it had submitted a nonbinding offer to Engie to acquire its technical-services provider Equans.

The proposed acquisition forms part of the French construction and media conglomerate's strategy aimed at creating a major player in multitechnical services, the company said.

Chief Executive Olivier Roussat previously said in late August that Bouygues intended to make a bid for Equans.

Bouygues added that it won't require a capital increase to finance the acquisition.

The company will disclose more information to the market in due course if necessary, it said.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

September 07, 2021 12:30 ET (16:30 GMT)

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