SG leads French sales worth €1.7bn

SG Corporate and Investment Banking has today launched two French equity sales worth a combined €1.7bn ($2.3bn).

Deutsche Bank, Lazard-Ixis and SG are joint bookrunners on a €1bn disposal of shares in utility Veolia Environment which is part of a derivatives transaction by Vivendi Universal, its former owner. Vivendi is selling the stake so that it can focus on the telecoms sector.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire