PARIS, April 8 French insurer Groupama said on Tuesday that it raised about 450.4 million euros ($619 million) from the sale of its entire 1.8 percent stake in Saint-Gobain , Europe's biggest supplier of construction materials.
Shares in Saint-Gobain were down 2.8 percent at 44.10 euros by 0735 GMT, the worst performers on the French blue-chip CAC 40 index.
The placement was managed by HSBC, acting as bookrunner. ($1 = 0.7277 Euros) (Reporting by James Regan; Editing by Blaise Robinson)
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UPDATE 1-Saudi, Kuwait expect to restart Neutral Zone oilfields soon -sources
DUBAI, Dec 4 Saudi Arabia and Kuwait are expected to agree this month to resume oil production from the jointly operated oilfields in the Neutral Zone that lies between both countries, industry sources told Reuters on Sunday.