Lagadere raises €2.3bn from EADS sale

Victoria
By Victoria April 1, 2013 10:26

Lagadere raises €2.3bn from EADS sale

Lagardere raised €2.3 billion from the sale of its 7.4% holding in EADS, the parent company of Airbus.
BofA Merrill Lynch, Société Générale and Credit Agricole-CIB were bookrunner on the stake sale, while Crédit Agricole and Ondra Partners were financial advisers to Lagardère.
This deal was the largest equity capital markets transaction so far in 2013.
Meanwhile, in the frame of its 18-month share buyback programme announced on 2 April 2013, EADS has entered into discussions with the French State for the potential acquisition off-market of a stake of 1.56% in EADS on the basis of a price per share equal to €37.35 (i.e. corresponding to the share price resulting from the EADS shares ABB carried out by Lagardère), as proposed by the French State.
EADS also intends to enter into an agreement for the management of its share buyback programme with an investment service provider under the French Autorités des marchés financiers (AMF) “safe harbour” regulations.

Victoria
By Victoria April 1, 2013 10:26
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