Shearman & Sterling Advises Bank of America Merrill Lynch and Morgan Stanley on Groupe Bruxelles Lambert’s Sale of 0.7% of Total’s Capital for €650 Million
Shearman & Sterling advised Bank of America Merrill Lynch and Morgan Stanley as joint bookrunners on Groupe Bruxelles Lambert’s sale of 0.7% of Total S.A.’s capital.
The sale by Groupe Bruxelles Lambert and its wholly owned subsidiary GBL Energy corresponded to 17.1 million shares by way of an accelerated book-building to institutional shareholders. The settlement of the transaction took place on February 19, 2016.