UBS has won a bookrunner role in a French privatisation for the first time in seven years. It will help float Société des Autoroutes du Nord et de l'Est de la France, the toll road operator.

HSBC-CCF, adviser to French government, is global co-ordinator and joint bookrunner with BNP Paribas and UBS on the institutional tranche of the deal. BNP Paribas and HSBC-CCF are also joint bookrunners of the retail tranche.