French media group Lagardere has sold its 7.4 per cent stake in Airbus parent EADS, kicking off a long-expected overhaul in the ownership of Europe’s top aircraft maker.
Lagardere raised 2.3 billion euros (HK$23.3 billion) through the sale, with EADS spending 500 million euros (HK$5.1 billion) to buy 1.6 per cent of its own shares - a buyback below some analysts’ expectations.
Societe Generale, the global coordinator and bookrunner of the sale along with Bank of America-Merrill Lynch , said 61.1 million EADS shares were placed at 37.35 euros apiece.
via Business feed http://www.scmp.com/business/companies/article/1211331/lagardere-sells-eads-stake-us3b
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