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Shortlist drawn up

Three left in bid battle for Bilfinger GVA

BilfingerThree firms are believed to be vying to buy Bilfinger’s property-related businesses, including Bilfinger GVA.

French food services and facilities management giant Sodexo, Swedish-based private equity firm EQT and French energy and services group Engie are left in the race after CBRE apparently withdrew its interest.

Sodexo is a late entry into the battle and is believed to be jointly preferred alongside EQT.

JLL is said to have exited the process, according to trade publication Property Week, because of it regards the price being demanded as too high.

With an estimated price tag of £1.4 billion it is priced at around one-and-a-half times the value of Savills.

CBRE is thought to have decided not to bid because of concerns it would not get through a competition inquiry.

 

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