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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