By Pietro Lombardi

France's construction-and infrastructure company Vinci SA and civil-engineering company Eiffage SA are in talks to launch a tender offer of 23 euros ($26.98) for each share in tunnel operator Societe Marseillaise du Tunnel Prado Carenage SA that they don't already own.

The companies said late Wednesday that they want to launch a simplified tender offer, followed by a squeeze-out. Vinci currently has a 33.3% stake in the company, while Eiffage controls 32.9% of it.

The EUR23-a-share offer would represent a premium of more than 30% over Wednesday's closing price. After the offer, the companies would have equal holdings in the tunnel operator.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

April 01, 2021 01:51 ET (05:51 GMT)

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