(Reuters) – France’s Bureau Veritas is in talks to combine with Swiss testing and inspection company SGS, the companies said on Wednesday.
There can be no assurance that these discussions will result in a transaction or an agreement, the companies said in separate statements.
Bureau Veritas has a valuation of about 13.23 billion euros ($13.63 billion), according to LSEG data, while SGS has a valuation of about 17.44 billion Swiss francs ($19.12 billion).
Bloomberg News previously reported that the companies were in advanced talks to merge, and said that the final details of a transaction that could be announced in the coming weeks.
($1 = 0.9709 euros)
($1 = 0.9122 Swiss francs)
(Reporting by Angela Christy in Bengaluru; Additional reporting by Gursimran Kaur Editing by Mohammed Safi Shamsi)
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