Alstom : Placement of 29.15m shares by Bouygues, operating outlook still bright
>Bouygues places 13.0% of the capital and holds on to 14.7% - Bouygues has announced its intention of lowering its long-standing stake in Alstom by selling 29.150 million shares (13.0% of the capital) via accelerated book building. The price determined seems to be € 37. Bouygues will hold on to 14.7% of the Alstom shares with a lock-up period of 180 days.Placement had become likely in our view - Bouygues had built up its position as of 2006, during Al...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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