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>> SOCIETE GENERALE Latest News

APR 09, 2013 - Yahoo! News

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Lagardere sells EADS stake for $3 billion

By Blaise Robinson and Daniela Pegna PARIS/FRANKFURT (Reuters) - French media group Lagardere has sold its 7.4 percent stake in Airbus parent EADS , kicking off a long-expected overhaul in the ownership of Europe's top aircraft maker. Lagardere raised 2.3 billion euros ($3 billion) through the sale, with EADS spending 500 million euros to buy 1.6 percent of its own shares - a buyback below some analysts' expectations. Societe Generale , the global coordinator and bookrunner of the sale along with Bank of America-Merrill Lynch , said 61.1 million EADS shares were placed at 37.35 ... Read More

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