Sopra Steria Group acquires the 8.62% stake in Axway sold by Société Générale

Paris, 31 May 2016: Sopra Steria Group acquires the stake in Axway held by Géninfo (Société Générale group), comprising 1,793,625 shares (8.62% of the share capital).

 For Société Générale, which has been a shareholder of Axway since its spin-off and listing in 2011, this transaction is in line with its policy of divesting its industry-sector holdings. It took place as an over-the-counter block sale at the price of €21.50 per share[1] for a total amount of €38.6 million.

Géninfo’s disposal of its entire stake in Axway entails the termination of the action in concert between Géninfo, Sopra Steria Group and Sopra GMT.

Read the full release including information about Sopra Steria Group's growth in its stake of Axway

 


[1] Axway’s share price as of 31 May 2016: €20.38