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12 February 2015
Groupama announces the successful completion of the private placement to institutional investors of 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 proceeds from the transaction amount to approximately €333 million. The placement was managed by Morgan Stanley acting as Bookrunner. The trade date will be 13 February 2015. Settlement will occur on 17 February 2015. Groupama pursues the balancing of its assets portfolio under favourable price conditions. This transaction does not reflect in any way an appreciation of the strategy or of the management of Mediobanca. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, and the offer of Mediobanca shares by Groupama does not constitute a public offering.
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