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Groupe BPCE has successfully completed the disposal of its stake in Nexity’s share capital
March 2, 2016
Groupe BPCE has announced the completion of the disposal of a total of 6.95 million Nexity shares representing 12.7% of share capital and voting rights of the company at a price of 41.20 euros per Nexity share by way of an accelerated book-building limited to institutional investors (“the Transaction”)
This disposal forms part of the implementation by Groupe BPCE of its strategic plan aiming at reducing or disposing of its parts in its non-core assets. Following the transaction, Groupe BPCE will have sold its entire stake in Nexity.
The shares’ placement has been managed by Société Générale Corporate & Investment Banking. Rothschild & Cie acted as financial advisor to Groupe BPCE in this Transaction.