A successful sale by Natixis of its residual stake in Coface

Clients success

Natixis' Strategic Equity Capital Markets (SECM) team is pleased to have supported the successful sale by Natixis S.A. (« Natixis ») of its residual stake in Coface.

Natixis sold 15,078,095 shares in Coface S.A. (« Coface »), representing 10.04% of its share capital, at a price of 11.55 euros per share (i.e., a total amount of 174,151,997 euros) by way of an accelerated book building (« ABB ») involving institutional investors.

This sale will significantly increase Coface’s float.

Following this transaction, Natixis no longer holds any of Coface’s share capital.

Commenting on this sale of shares, Nicolas Namias, Natixis CEO, declared: “I am pleased with the outcome of this transaction, the last successful step in our project to exit from the share capital of Coface, in line with our strategy of allocating the entirety of our resources to the development of our businesses. The transaction’s success further demonstrates investors’ confidence in Coface’s management team and in the company’s sound strategy for the years ahead.”

The Natixis CIB SECM Team, in cooperation with ODDO BHF, completes thus successfully the first Secondary ABB launched in EMEA in 2022.