(CercleFinance.com) – Bouygues announces that its subsidiary Equans finalized, on December 31, the sale of its district heating and cooling network activities in the United Kingdom, excluding Humber Energy, to the consortium Swiss Life Asset Managers and Schroders Greencoat LLP.
This sale, for a cumulative enterprise value of approximately £255 million, takes place in accordance with the agreement signed on September 15, and after obtaining approvals from the European Commission and the Cabinet Office.
The divested business, known as Equans Urban Energy, comprises East London Energy Limited and Equans DE Holding Company Limited. For its part, the finalization of the sale of Humber Energy is expected in 2024.
This operation is part of Equans’ strategic plan, which provides for the sale of ‘asset-based’ activities. It will have no impact on the turnover and ROCA trajectory of Equans presented during the capital markets day in February 2023.