SG risk appetite pays off on auctioned Soitec trade

Soitec_Paris_PA_575_375
By Aidan Gregory
29 Jul 2020

CEA Investissement, the corporate arm of the French Alternative Energies and Atomic Energy Commission, has sold €104m of shares in Soitec, the French semiconductor company, through an auctioned block trade won by Société Générale.

The placing on Tuesday evening consisted of 1.065m shares, a 3.2% stake in the company. The proceeds are intended to finance a reduction of CEA’s short-term debt, according to a regulatory filing.

Société Générale was sole bookrunner on the share sale, having won the trade in the auction. ...

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