Breaking amec | Features

The state of play
Amec is to sell its Spie division, and split intelf into two separate companies. Rumour has it that Amec might be tempted to sell these new divisions. Below are Building’s suggestions for potential buyers
Division	What is it?	Current status	Potential suitors
Energy and process industries	This division will be heavily exposed to the oil and gas markets	To be retained as a quoted company. It is thought Amec views the business as its future	Unlikely to sell, but American firms such as Fluor and Halliburton may be interested
UK infrastructure	A UK construction business that will include the facilities management, design and PPP investment arms	Will be set up as a quoted company, but it has been speculated that Amec is willing to sell it	Spanish firms, such as Ferrovial, the parent of Amey, and German groups, such as Hochtief, see PFI as a growth opportunity
Spie	The France-based services division, which does Amec’s construction work across Europe	Up for sale – Amec says it anticipates getting “a significant premium to book value”	French groups Bouygues, Cegelec, Eiffage and Vinci have been tipped. Spie bosses favour a buyout