Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

France's Big Sale


International Outlook: Global Wrapup

FRANCE'S BIG SALE

Europe's biggest-ever privatization bodes well for the dozens more to come as governments across the Continent slim down. France's $5 billion sale of Banque Nationale de Paris, which closed on Oct. 12, was gobbled up by institutions that signed up for 12 times their allotted shares. The goal of finding 1 million individual buyers was topped by 50%. Small wonder: Shares went for 14% below market. Next on the 21-company list are Rh ne-Poulenc, Elf Aquitaine, and Union des Assurances de Paris, which just wrapped up a $4.3 billion deal to acquire Germany's third-largest insurer, Colonia, ending a four-year-long battle with Groupe Suez for control of the company.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus