GE sells 1.4 million Fonciere des Regions shares

The General Electric Group has sold around 1.14 million shares of French real estate group Fonciere des Regions. This represents 4% of the outstanding share capital following the merger of Fonciere des Regions with Bali Investissement. The sale reduces General Electric's interest in the company to 12%. 'It will increase the free float of Fonciere des Regions and enhance the liquidity of its shares,' General Electric said. BNP Parisbas acted as sole bookrunner in the private placement.

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