Bouygues Sells 13% Stake in Alstom for EUR1.08 Billion
September 12 2019 - 03:04AM
Dow Jones News
By Olivia Bugault
Bouygues SA (EN.FR) said Thursday that it has completed the sale
of its 13% stake in Alstom SA (ALO.FR) for 37 euros ($40.78) a
share, or a total amount of EUR1.08 billion.
The French telecommunications company said that following the
sale it still remains Alstom's main shareholder with a 14.7%
stake.
"Bouygues undertakes with the banks in charge of the placement
to a 180-day lock up for its remaining Alstom shares, subject to
customary exceptions," Bouygues said.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
September 12, 2019 02:49 ET (06:49 GMT)
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