British engineering giant AMEC is mulling plans for the acquisition of London-listed rival Kentz Corporation for a consideration of around 800 million pounds (approx. AUD$1.36 billion).

City sources told the Financial Mail on Sunday that AMEC was one of several aspiring bidders who had approached Kentz, a constituent stock of the FTSE 250 index, with takeover plans over the past few months. Other companies who are reported to have shown interest in buying up Kentz include…