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Bouygues: subsidiary Equans about to sell business in UK

( - Equans, Bouygues' energy and services subsidiary, announces that it has signed an agreement to sell its district heating and cooling network activities in the UK, for a combined enterprise value of around £260m (about E300m).

The business, which will be sold to a consortium of Swiss Life Asset Managers and Schroders Greencoat, includes East London Energy Limited and Equans DE Holding Company Limited. Humber Energy will also be included in the transaction.

The transaction's completion is scheduled for Q4 2023, subject to usual necessary approvals. This sale is in line with Equans' strategic plan, and will enable it to focus on its core business in the UK.

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