BUTEC Group Completes the Takeover of ENGIE’s 17 Energy Services Companies in Africa

BUTEC Group Completes the Takeover of ENGIE’s 17 Energy Services Companies in Africa

DUBAI, United Arab Emirates – BUTEC (www.BUTEC.com) based in UAE, a leading contracting group in the MENA and GCC regions, has recently completed the takeover of 17 Energy Services companies in Africa previously owned by the energy global player, ENGIE Group. The acquisition process was completed on the 31st of March 2022, following the initial agreement signed on the 16th of last December between the two groups. The acquisition of these 17 companies, based in 15 countries across Africa, stems from the strategic decision taken by BUTEC Group, a major…