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State sells GDF Suez shares at bottom of price range-Reuters

Tuesday, 24 Jun 2014 08:00pm EDT 

GDF Suez SA:French state has raised about 1.5 billion euros with sale of 3.1 pct stake in GDF Suez-Reuters.Government did not specify at which price the 75 million shares had been sold, but traders said they had been placed with institutional investors at 20.18 euros per share, which corresponds to just over 1.51 billion euros.According to terms of the placement seen by Reuters, shares had been offered overnight in price range of 20.18 to 20.81 euros.Following placement, state will have a 33.6 percent stake in GDF Suez. 

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