Bouygues sold 29,150,000 shares - equivalent to 13% of Alstom’s total share capital - at a price of €37 per share on September 12, raising a total of €1.079bn.
The sale price represents a 6% discount compared with Alstom’s €39.38 closing price on the evening of September 11, the day before the offering. Alstom’s share price was down 4.9% at the close of trading on September 12.
Bouygues will remain Alstom’s largest shareholder with a 14.7% stake in the company.
“I am delighted with the outcome of this transaction,” says Bouygues chairman and CEO Mr Martin Bouygues. “It further demonstrates investors’ confidence in Alstom’s management team and its ability to successfully implement its new Alstom in Motion strategy.”
