SPIE BATIGNOLLES COULD INCREASE COMSTOCK HOLDING
Construction group <Spie Batignolles> is
negotiating to increase its holding in U.S. Engineering and
electrical installations firm <Comstock>.
    Spie Batignolles, a subsidiary of Schneider SA <SCHN.PA>,
said in a statement it was negotiating to invest 20 mln dlrs in
Comstock in the form of bonds convertible into shares.
    Spie Batignolles has held a 20 pct stake in Comstock since
February 1986. A spokesman said if Spie Batignolles converted
all the new bonds, it could open the way for the French company
to take control of Comstock but he gave no other details.
 Reuter
