January 16, 2018 / 5:14 PM / a month ago

BRIEF-Societe Generale Launches Placement Of 2.9 Million Fnac Darty Shares

Jan 16 (Reuters) - SOCIETE GENERALE:

* LAUNCHES A PLACEMENT OF FNAC DARTY SHARES

* PLACEMENT OF 2,944,651 FNAC DARTY SHARES BY WAY OF AN ACCELERATED BOOKBUILT PRIVATE PLACEMENT TO INSTITUTIONAL INVESTORS

* IS CONDUCTED BY SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING ACTING AS SOLE BOOKRUNNER.

* IN CONNECTION WITH THE ENTRY INTO A DERIVATIVE TRANSACTION WITH VIVENDI IN ORDER TO PROTECT THE VALUE OF VIVENDI’S C. 11.1% STAKE IN FNAC DARTY.‍​ Further company coverage: (Gdynia Newsroom:)

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