Copying and distributing are prohibited without permission of the publisher.

Watermark

Alstom sells €350m of shares in rare French ABB

01 Oct 2012

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.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
01 Oct 2012