Bouygues reduces Alstom stake with jumbo €1.1bn block trade

Alstom_alamy_230x150
By Aidan Gregory
12 Sep 2019

Bouygues, the French construction, telecoms and media group, has sold almost half its stake in Alstom, one of the largest manufacturers of rolling stock in the world, after the European Commission blocked a plan to merge the company with Siemens’ trains business earlier this year.

The sale consisted of 29.15m shares, a 13% stake in Alstom. Launched after the market close on Wednesday, following a limited wall-crossing exercise, it took less than hour an hour for the deal to be covered. It was subsequently priced at €37, a 6% discount to the ...

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.