France sells €1.5bn of Engie to finance innovation fund

Emmanuel_Macron_PA_230x150
By Aidan Gregory
06 Sep 2017

The French government came back to the equity block trade market on Tuesday night to sell another 4.5% chunk of its stake in Engie, the power and gas company, for €1.53bn, as part of a new €10bn asset sale programme announced in July.

JP Morgan was global coordinator, BNP Paribas and Morgan Stanley bookrunners.

Launched after an auction process, the sale of 99.9m shares, a 4.1% stake, was priced at €13.80. That was a discount of 1.2% to the closing price of Engie on Tuesday. The stock has risen by ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.