GDF ABB distracts investors from World Cup

GDF Suez 230x150
By Nina Flitman
26 Jun 2014

Despite the potential distraction of four World Cup matches on Tuesday evening, the French state was able to focus investors’ attention to sell a €1.5bn, 3.1% stake in gas and power firm GDF Suez through an accelerated bookbuild.

Bank of America Merrill Lynch, Citi, Goldman Sachs and Société Générale, the joint bookrunners on the deal, launched the deal at 5.20pm UK time — halfway through the first half of the England versus Costa Rica and Italy versus Uruguay World Cup matches. 

While the distraction of the football ...

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