Eurazeo Chairman: Not Planning Any Divestment Soon
Thursday September 4th, 2008 / 11h08
PARIS -(Dow Jones)- French investment firm Eurazeo (12112.FR) isn't planning any divestment in the near future, Chairman of the supervisory board Patrick Sayer Thursday said. "We have no immediate need for refinancing," Sayer told a conference call. Eurazeo is more looking into restoring the value of its assets, Sayer added. Eurazeo holds EUR2 billion in available funds following the sale of most of its stake in French industrial gasses company L'Air Liquide SA (AI.FR) and the refinancing of its holding in French food products company Groupe Danone SA (BN.FR), Sayer noted. Sayer also said Eurazeo intended to strengthen its holding in French electrical equipment distributor Rexel SA (RXL.FR) and noted Rexel's current share price doesn't reflect its real value. -By Nathalie Boschat, Dow Jones Newswires; +33 1 4017 1740; nathalie.boschat@dowjones.com (Alice Dore contributed to this report.) Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=kXPiw57%2F7E9zVOtnhl1Y5g%3D%3D. You can use this link on the day this article is published and the following day.
