PARIS, March 15 Aerospace group Safran
said it sold part of its stake in French payment terminal group
Ingenico for 286.8 million euros($372.28 million)
through a private placement and accelerated book building.
The 6.6 million shares, representing 12.57 percent of the
capital of Ingenico, were sold at 43.45 euros a share. Safran
retains 10.2 percent of Ingenico's share capital and 17 percent
of the voting rights.
The resulting after-tax profit for Safran is approximately
130 million euros and will be recorded in Safran's first-half
consolidated accounts, Safran said in a statement on Friday.
The joint lead-managers of the placement and joint
book-runners were Credit Agricole CIB and HSBC.
($1 = 0.7704 euros)
(Reporting by James Regan; Editing by Christian Plumb)