LONDON (Reuters) - Oil and gas construction firm Kentz (>> Kentz Corporation Limited) said it was confident about its future as a standalone company after two bidders decided against making offers for the group.

Earlier on Friday, German firm M+W Group said it did not intend to make an offer for Kentz, a day after rival bidder Amec (>> AMEC plc) pulled out.

Analysts had previously suggested that Kentz might be the target of a bidding war.

M+W Group and Amec submitted offers for Kentz earlier this year, both of which were rejected by Kentz. Amec's rejected offer had valued the company at about 680 million pounds compared to a market capitalisation of 561 million pounds before the offer was made public.

Kentz, a FTSE 250 company, has grown rapidly since it listed in 2008 into a diversified construction company with mining, oil and gas, and infrastructure projects around the world.

It said that its outlook remained strong, citing a growing pipeline of opportunities, increased bidding activity and a strong balance sheet that would allow it to grow organically and by acquisitions.

"We have a clear and realisable strategy in place that we believe will continue to deliver strong returns for our shareholders," Kentz's chief executive Christian Brown said.

At 1331 GMT, shares in Kentz were down 1.14 percent, valuing the company at 588.3 million pounds.

(Reporting by Brenda Goh; editing by Rhys Jones and Jane Merriman)

Stocks treated in this article : Kentz Corporation Limited, AMEC plc