ALSTOM: On September 12, French construction and industrials conglomerate Bouygues confirmed that it had divested more than 29 million shares in Alstom.
This represents 13% of Alstom’s share capital at a price of €37 per share by way of an accelerated book-building involving institutional investors.
Following the transaction, Bouygues will remain Alstom’s largest single shareholder with 14·7% of the share capital. Both Olivier Bouygues and Bouygues SA will remain represented on the Alstom board; Bouygues has undertaken with the banks in charge of the placement to a 180-day lock-up for its remaining Alstom shares, subject to customary exceptions.
‘I am delighted with the outcome of this transaction. It further demonstrates investors’ confidence in Alstom’s management team and its ability to successfully implement its new strategy to be the leading global innovative player for a sustainable and smart mobility’, commented Martin Bouygues, Chairman & CEO.