INSURING TOMORROW WITH CONFIDENCE
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12 February 2015
Groupama has launched, via an institutional private placement by way of an accelerated bookbuilding, the sale of up to 42,430,160 Mediobanca shares, representing approximately 4.9 per cent of the share capital of the company, i.e. the entirety of its stake in Mediobanca.
The bookbuilding will start immediately; the results of the private placement will be announced after the close of the bookbuilding process.
This sale represents a further step of Groupama’s financial strategy, which consists in strengthening its financial leeway and reducing its exposure to market risks.
This press release does not constitute an offer to sell or a solicitation to buy any securities, and the offer of Mediobanca shares by Groupama does not constitute a public offering.
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