£800m takeover linked to Kentz

Clonmel-founded engineering group Kentz is subject to takeover speculation linking British engineer Amec to an £800m (€938m) bid as Amec attempts to grow its oil and gas division.

Amec, which provides services and equipment for the oil and gas, mining, nuclear and renewable energy sectors, approached Kentz in July over a potential deal, the Mail on Sunday newspaper reported without naming the source.

Germany-based M+W Group have also shown an interest, the report said.