Alstom sells €350m of shares in rare French ABB

French heavy engineering firm Alstom sold €350m of shares on Monday evening, 4.26% of its share capital, in the first French capital raise through an accelerated bookbuild since 2006. The deal received a rough reception in early trade after Tuesday’s open with one bookrunner blaming broker reports that questioned the rationale for the capital raise.

  • 02 Oct 2012

Joint bookrunners Credit Agricole, BNP Paribas, Natixis and Société Générale launched a deal of €300m with a €50m increase option after market close on Monday. The book was covered an hour later, before closing at 8pm in Paris. Shares were allocated overnight.

The deal was comfortably subscribed, said bankers.

Alstom ...

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Rank Lead Manager Amount $m No of issues Share %
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  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
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5 Credit Agricole CIB 18,048.72 104 5.11%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%