PARIS, June 1 Caisse des Depots (CDC), the
French state-owned bank, is considering selling all or a part of
its stake in motorway operator Sanef, majority owned by Spain's
Abertis, three sources familiar with the matter told
CDC owns 15 percent in Sanef, which includes 10 percent held
by via its infrastructure fund CDC infrastructure.
"Caisse wants to exit from Sanef," one of the sources said.
"From what we hear since the last few weeks, it would be a
partial divestment," another source said, adding that the formal
process had not yet started. The source said the sale was part
of portfolio reshuffle and that the proceeds could be invested
Abertis declined to comment. CDC was not immediately
available for a comment.
Sanef, along with Eiffage and Vinci, is
one of France's motorway operators, covering 2,063 kilometers of
networks, situated mostly in the north and east of France.
One of the sources said that if CDC decided to sell a part
of the stake, other shareholders would consider opportunities to
increase their share.
Abertis owns 52.55 percent in Sanef, other shareholders
include Predica with 12.42 percent, AXA -
with 9.93 percent. The Peugeot family has a holding as does CNP
(Reporting by Gilles Guillaume, Julien Ponthus and Mathieu
Protard in Paris. Additional reporting by Robert Hetz in Madrid.
Writing by Maya Nikolaeva. Editing by Jane Merriman)