Entrepose connects Spie Capag

epa00937382 Workers repair a damaged gas pipeline after an explosion in Quetta, Pakistan, Tuesday 20 February 2007. Sparsely populated mineral-rich Balochistan has been the site of sporadic violent attacks on government and military installations allegedly by nationalists who have been fighting for provincial autonomy and bigger royalties from gas drilling in their areas. EPA/FAYYAZ AHMED

Tie up: French group Entrepose Contracting has bought Spie Capag from UK-based Amec

FAYYAZ AHMED

related stories

Jonathan Davis

 24 May 2007 22:16 GMT

French pipeline and gas storage player Entrepose Contracting said it had bought 100% of the shares in Amec pipeline subsidiary Amec Spie Capag for €48.5 million ($65.3 million).

Entrepose said the company would become a subsidiary company renamed Spie Capag.

Spie Capag specialises in onshore gas and oil pipelines with major projects including the Bakou-Tbilissi-Ceyhan pipeline, the Medgaz project in Algeria and the Yemen LNG project.

The company reported turnover of €198 million in 2006.

Entrepose said the acquisition would allow it to extend its reach to Asia and the Middle East from its dominant markets in Europe and Africa.

…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index