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Safran SA's Morpho Divests Part of its Stake in Ingenico SA

Friday, 15 Mar 2013 04:29am EDT 

Safran SA announced that Morpho has divested part of its stake in Ingenico SA by way of a private placement, through an accelerated book building process. 6.6 million shares representing 12.57% of the share capital of Ingenico, were sold at a price per share of EUR 43.45, for a total amount of EUR 286.8 million. The resulting after tax profit for Safran, calculated on the basis of a value per Ingenico share of EUR 22.74 in Safran's consolidated accounts at December 31, 2012, is approximately EUR 130 million and will be recorded in Safran's first half 2013 consolidated accounts. The Company retains 10.2% of the share capital and approximately 17% of voting rights of Ingenico SA. 

Company Quote

-0.07 -0.14%
5:33am EDT