Société Générale: reduces stake in Euronext.
(CercleFinance.com) - Société Générale and BNP Paribas announce that they have completed the sale of their excess stakes in Euronext following the renewal for a further two years of the Reference Shareholders Agreement which is due to expire on 20 June 2017.
The two banks have sold approximately 4.4 million Euronext shares at a price of 45 euros, representing around 6.3% of the capital, as part of a private placement through an accelerated book-building process among institutional investors.
Once this placement is complete, BNP Paribas and SocGen will hold 2.22% and 1.5% respectively of the capital of the pan-European stock-exchange group. The settlement and delivery of the shares is set to take place on 16 June.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The two banks have sold approximately 4.4 million Euronext shares at a price of 45 euros, representing around 6.3% of the capital, as part of a private placement through an accelerated book-building process among institutional investors.
Once this placement is complete, BNP Paribas and SocGen will hold 2.22% and 1.5% respectively of the capital of the pan-European stock-exchange group. The settlement and delivery of the shares is set to take place on 16 June.
Copyright (c) 2017 CercleFinance.com. All rights reserved.