 AMEC announced that it would seek to sell the construction arm of the business 'Spie Batignolles', and entered negotiations to secure a management buyout of that division; the management buyout of the construction division by 78 senior managers was completed in September 2003 with the aid of Barclays Private Equity Finance.In 2004, "Financière Spie Batignolles" purchased the remaining Spie Batignolles shares owned by Amec Spie.The two other former divisions became separate companies