Post by gfaroukh on May 29, 2009 3:21:39 GMT 4
Bredin Prat and Links on French bank recap
from Nicholas PettiferIFLR
May 28, 2009
Société Générale has completed a €1.7 billion issuance of non-voting preferred shares to Société de Prise de Participation de l’Etat, an entity owned by the French state.
The shares are eligible for inclusion in Société Générale’s solvency ratio calculation and were issues as part of the second phase in the French bank recapitalisation scheme.
Bredin Prat partners Olivier Saba, Clémence Fallet, Olivier Billard and Sébastien de Monès advised the French Treasury. Société Générale turned to a Linklaters team headed by Gilles Endréo and Séverin Robillard for representation.