Private equity-backed French energy services group Spie is planning an IPO, which could value it at as much as €4bn.
Spie CEO Gauthier Louette said that the process is in early stages, but the company will likely be floated this autumn if there is “no upheaval on the markets”, according to Reuters.
Spie is backed by private equity firms Ardian and Clayton Dubilier & Rice and by Canadian pension fund Caisse de depot et placement du Quebec. Earlier reports said that Spie could list in late 2014.
Ardian, Clayton Dubilier & Rice and Caisse de dépôt et placement du Québec bought the business from PAI Partners in a €2.1bn deal in 2011.
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