IFLR1000

Safran €1 billion book building

5/3/2015
Divestment
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€ 1 billion

$ 1.061 billion

Completed

5/3/2015

Overview:

  • The French state completed the sale of 3.96% of its stake in aerospace supplier Safran for €1 billion. 
  • The disposal took the form of an accelerated book building process, whereby 16.5 million shares were sold to investors as the state looks to reduce its public debt. 
  • The state continues to hold 18% of the share capital of the company. 

John Crabb - Journalist 

Jurisdiction:

France

Deal type:

Divestment

Practice areas:

Capital markets : Equity
M&A

Governing law:

France

Industry sectors:

Technology and telecommunications
Aviation

Firms:
Cleary Gottlieb Steen & Hamilton

Party: French Republic (Seller)

Lawyers: Andrew Bernstein, Marie‑Laurence Tibi, Pierre-Yves Chabert

De Pardieu Brocas Maffei

Party: Agence des participations de l'État (Seller)

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