Spie eyes float haul of €1.2bn

Michael Bow
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FRENCH energy firm Spie yesterday said it aimed to raise as much as €1.2bn in its forthcoming stock market debut to value it at €2.75bn.

Spie’s co-owner Clayton, Dubilier & Rice, which floated B&M Retail in London earlier this year, is hoping to sell €694m of existing stock alongside co-owner Ardian. A further €525m will be raised by selling new shares.

Spie has a big London presence, offering facilities management to Lloyds of London and the Tate.