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.
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(END) Dow Jones Newswires