Amec is set to complete the sale of its building and facilities services business in the next fortnight, according to sources close to the bidding process.
It is understood that several private equity companies are involved in the final stages of bidding along with trade buyers, rumoured to include Emcor.
One analyst said: “The fact it is holding out and trying to squeeze the most out of the deal could favour private equity. It has a steady cash flow, which would make it attractive to the sector.”
Amec has acquired a 60% interest in Kazakh oilfield services company Batys Kazakhstan Kuat Service.