M6 declines, the Belgian CNP left the capital | Photo credits: M6 group
PARIS, Jan 19 (Reuters) – M6 fell sharply on the Paris Stock Exchange on Wednesday morning after the announcement by the Belgian Compagnie nationale à portfolio (CNP), holding company of the Frère family, of the sale of its shares in the group of television.
The M6 share fell 7.1% to 17.28 euros at 10:12 a.m., one of the biggest drops in the SBF 120 index, which gained 0.33%.
In its wake, TF1, which plans to merge with M6 in the coming months, lost 7.43%.
CNP has announced that it has sold its entire stake in M6, i.e. nearly 6.4 million shares representing approximately 5.05% of the capital, as part of a placement with qualified investors at a unit price of 16, 80 euros.
The Belgian group, which had been a shareholder in M6 since 2006, evokes a sale “as part of the active management of its asset portfolio”.
(Report Marc Angrand, edited by Jean-Stéphane Brosse)