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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.
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(END) Dow Jones Newswires
September 12, 2019 02:49 ET (06:49 GMT)
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