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BOUYGUES Making progress become reality PRESS RELEASE BOUYGUES GROUP SIGNS PURCHASE AGREEMENT WITH ENGIE TO ACQUIRE EQUANS PARIS 06/11/2021 Certifié avec Wiztrust Acceleration of Bouygues ' development in the strong growth potential multi - technical services sector , at the convergence between the energy , digital and industrial transitions . • Creation of a new global leader strongly rooted in France , delivering optimum customer service via a highly complementary geographical and technical match and enhanced innovation capacity . • • Leveraging the expertise of Equans and of Bouygues ' Energies & Services arm , as well as the close fit between the two businesses , the aim is to make the combined entity the Bouygues group's largest business segment ( by sales and number of employees ) and to grow based on a long - term industrial vision . Number of employees : around 96,000 ; Combined sales : around € 16.0 billion ( Pro Forma 2020¹ ) ; A deal designed to create value : For customers , by creating a new innovative player , with global reach and a complete range of services to support them , especially as they transition to low - carbon operations ; For employees , through the strong workforce commitments made by the Bouygues group : no compulsory redundancies in France and Europe for at least 5 years from the completion date of the deal , creation of a net 10,000 new jobs at Equans² by 2026 , new career development opportunities within the Group , and development of a comprehensive training program ; For shareholders , the deal will be accretive for Bouygues group EPS from year one and there will be significant potential for synergies ( estimated , under normal operating conditions , at between € 120 and € 200 million per year according to the scenarios ) . Finally , the new entity will be aiming to generate a mid - term current operating margin of over 5 % . Terms of the deal : based on an enterprise value of € 6.7 billion³ , and given the synergies and strong growth expected in the years ahead , the multiple of enterprise value to 2026 current operating profit is 11.4x . Completion of the deal is expected in the second half of 2022. The deal has already received a unanimous favourable opinion from the relevant employee representative bodies within the Bouygues group . Following the favorable opinion of employee representative bodies at Engie and Equans , the final completion of the deal will be subject to regulatory clearance ( control procedure of ownership percentages and foreign investment 1 Adjusted for the effects of Covid - 19 . 2In addition to the 15,000-20,000 new hires required annually to cover estimated staff turnover . 3 Equating to € 7.1 billion including IFRS 16 liabilities .