(Fixes typographical error in first paragraph)
* No new shares issued, too early to discuss pricing -
* Plans to list no more than 10 pct for the moment
* Shares to be listed on Euronext on Oct. 30
By Gilles Guillaume
PARIS, Sept 13 Billionaire French businessman
Vincent Bollore plans to list a small stake in his electric car
battery business on the stock market to raise its profile in an
industry looking for ways to make less-polluting cars.
Bollore, fresh from winning a boardroom battle at media and
telecoms group Vivendi, said on Friday he would not
sell new shares in his Blue Solutions business and did not
elaborate whether he was looking to do any more deals with major
On Thursday his Bollore group, the firm behind
Paris' Autolib' electric car-sharing scheme, said it was teaming
up with Renault to bid for electric car-sharing
contracts and assemble battery-powered vehicles in France.
Bollore said on Friday he wanted to turn Blue Solutions from
a 40-million-euro ($53 million) operation to a company with
annual sales of 1.5 billion by 2022, adding that he would keep a
"It's a very competitive industry worldwide, and by moving
from a little-known company to an internationally listed
company, you get a significant edge," he said on the sidelines
of a news conference.
The 61-year-old investor said up to 10 percent of Blue
Solutions would be floated on the Euronext stock exchange on
Oct. 30 and that it was too early to discuss a potential price
range for the shares.
Facing tougher environmental regulations and growing demand
from drivers for less polluting cars, automakers are investing
heavily in electric vehicles and hybrids that combine a
traditional petrol or diesel engine with electric power.
However, the technology has been slow to take off, with many
consumers deterred by the limited distance that electric cars
can be driven before they need to be recharged.
Blue Solutions uses lithium-metal-polymer technology rather
than more common lithium-ion batteries. It also makes
electricity storage stations for solar and wind power plants.
The loss-making business could reach break-even in the
second half of next year and achieve operating profit of 400
million euros by 2022, Bollore said.
Bollore was appointed vice-chairman of Vivendi, in which he
is the top shareholder, on Wednesday following a boardroom
tussle as the conglomerate weighs up whether to spin off
telecoms unit SFR to focus on media and pay-TV.
He clashed with Vivendi's powerful chairman, Jean-Rene
Fourtou, over naming a new CEO, even floating his own candidacy
before pulling out in exchange for more influence over strategy,
according to people familiar with the situation.
A lawyer by training and an investment banker in his early
career, Bollore has become rich by taking stakes in troubled
companies, growing a multi-million-euro investment conglomerate
out of the family's paper mills in France's west-coast Brittany
Bollore also has a significant stake in ad agency Havas
The Autolib business, which was launched in Paris in late
2011 and whose electric car stations dot the city, has since won
Shares in Bollore Group, which have risen some 49 percent
since the beginning of the year and jumped 4.7 percent on
Thursday amid speculation over its partnership with Renault,
were down 0.7 percent at 381.45 euros at 0903 GMT.
($1 = 0.7514 euros)
(Writing by Natalie Huet; Editing by James Regan and Mark