White & Case Advises Groupama on sale of Stakes in Société Générale and Eiffage | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Groupama on sale of Stakes in Société Générale and Eiffage

White & Case Advises Groupama on sale of Stakes in Société Générale and Eiffage

Global law firm White & Case LLP has advised Groupama on the sale of its stakes of 1.9% in Société Générale and 6.9% in Eiffage, both listed on Euronext Paris.

The sales were made through private placements with qualified investors by means of accelerated bookbuildings. The total value of the Société Générale transaction was approximately €517 million, with the Eiffage transaction valued at €250 million. Following these deals, Groupama no longer holds shares in either Société Générale or Eiffage.

The sales represent a further step in Groupama's performance strategy which will allow the group to strengthen its financial leeway and reduce its exposure to market risks.

The placement of the Société Générale shares was managed by HSBC and Goldman Sachs, acting as Joint Bookrunners. The placement of the Eiffage shares was managed by Goldman Sachs as sole Bookrunner.

The White & Case team was led by Paris partners Séverin Robillard and Thomas Le Vert with support from associates Kevin Paviet-Salomon, Tatiana Uskova and Antonin Deslandes. US law aspects were advised by partner Colin Chang.

Press Contact
For more information please speak to your local media contact.