France sells part of GDF Suez stake to fund Alstom acquisition
PARIS, June 24
PARIS, June 24 (Reuters) - France has sold a 3.1 percent stake in gas utility GDF Suez, which could be used to finance the acquisition of a state participation in engineering group Alstom, the government said in a statement on Tuesday.
The state sold 75 million shares and has an overallotment option to sell as much as 86 million shares, or a total of 3.6 percent of GDF Suez stock, the statement said. (Reporting by Geert De Clercq; editing by John Irish)