News and Press releases
Natixis successfully sells 51% of the capital of Coface
After the IPO launched on June 16, 2014, Natixis sold close to 80 million Coface shares at €10.40 per share for a total amount of €831.8 million, thus valuing Coface at approximately €1.631 billion. Natixis will still hold 49% of Coface shares or 41.35% if it exercises in full its greenshoe option, or over-allotment option, which concerns 15% of the offer, and before the results of the capital increase reserved for Coface employees (maximum 1%).
This operation is a major step in the implementation of New Frontier. It illustrates our policy for dynamic asset allocation to the core businesses of Natixis.
Laurent Mignon, CEO of Natixis, will remain Chairman of the Board of Directors of Coface.