Edition:
United States

SocGen and BNP to sell 6.3 percent of Euronext share capital


Tuesday, 13 Jun 2017 12:33pm EDT 

June 13 (Reuters) - French banks Societe Generale and BNP Paribas announce: :Placement of Euronext shares being sold by BNP Paribas and Societe Generale in conjunction with the announced renewal of the reference shareholders agreement..SocGen and BNP Paribas are selling approximately 4.4 million Euronext representing approximately 6.3 percent of Euronext share capital..Sale will be carried out in a private placement to institutional investors to be executed by way of an accelerated book-building process..Following the transaction, BNP Paribas and Societe Generale will hold 2.22 percent and 1.50 percent of Euronext’s share capital..