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BN 05/06 16:41 *BOFA MERRILL LYNCH, JPMORGAN PLACING SAINT-GOBAIN SHARES BN 05/06 16:40 *WENDEL SAYS WILL RETAIN 12% IN SAINT-GOBAIN BN 05/06 16:39 *WENDEL SELLING 24M SAINT-GOBAIN SHARES FOR ABOUT EU1B BN 05/06 16:38 *WENDEL TO SELL 4.3% STAKE IN SAINT-GOBAIN
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Wendel Group to Sell ~EU1 Billion Stake in Saint-Gobain 2014-05-06 16:55:02.888 GMT
By Ruth David and Sarah Jones May 6 (Bloomberg) -- Wendel group is selling 24m shares in Saint-Gobain, or 4.3%, via an accelerated bookbuild, according to a statement. * BofA, JPMorgan are placing the shares which are being offered at EU42-42.5 apeice, according to the terms obtained by Bloomberg News * Wendel says will retain 12% in Co.
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To contact the reporter on this story: Ruth David in London at +44-20-3525-8095 or rdavid9@bloomberg.net
To contact the editor responsible for this story: Sarah Jones at +44-20-7673-2419 or sjones35@bloomberg.net