(CercleFinance.com) – Engie has finalized the sale of 2,224,702 shares of Gaztransport & Technigaz (GTT’) at a price of 115.50 euros per share and thus raised 256,953,081 euros as part of a private placement by track of accelerated building of an order book with institutional investors executed in the accelerated form.
In the event of the exchange of all the bonds exchangeable into ordinary GTT shares issued by Engie in June 2021, Engie’s stake in GTT’s capital will be reduced to around 5%.
The proceeds of the transaction will be used for the general needs of Engie’s business and to finance future growth.
Engie has undertaken to ensure that the residual shares held in GTT are subject to a lock-up agreement for a period of 1 year, which marks Engie’s wish to continue supporting GTT in the transition of its shareholder restructuring.
Settlement transactions should take place around September 20, 2022.