Bouygues to Sell 13% Stake in Alstom
September 11 2019 - 12:26PM
Dow Jones News
By Pietro Lombardi
Bouygues SA (EN.FR) will sell a 13% stake in Alstom SA (ALO.FR),
it said Wednesday.
Based on Alstom's closing share price on Wednesday of 39.38
euros ($43.49), the deal would be worth roughly EUR1.15
billion.
After the offering, which will take place through an accelerated
book building reserved for institutional investors, the French
industrial conglomerate's stake in Alstom will stand at 14.7%.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
September 11, 2019 12:11 ET (16:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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