BNP Paribas aids cryogenic firm 20 March 2014 Paris Reporter: Georgina Lavers
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BNP Paribas Securities Services was chosen by Gaztransport & Technigaz (GTT) to handle the securities mechanisms of its IPO on the Euronext Stock Exchange.
As part of this role, which is separate from that of the advisory banks, BNP Paribas provided structuring, management and administration services on all the securities aspects of the IPO.
BNP Paribas Securities Services, in partnership with BNP Paribas Épargne & Retraite Entreprises, also provided a one-stop-shop to manage the employee portion of the IPO.
BNP Paribas was selected thanks to its capacity to manage the various components of the transaction.
Philippe Berterottière, GTT’s chairman and CEO, said: “GTT has a very long relationship with BNP Paribas and has been very happy to work with BNP Paribas Securities Services on this successful IPO.”
Pierre Jond, head of corporate trust services at BNP Paribas Securities Services, said: "We are delighted to have successfully completed this listing for GTT, the first major listing in Paris in 2014.”
GTT is the world leader in cryogenic membrane containment systems used in the shipbuilding industry for the transport of liquefied natural gas. Its IPO raised €621 million and its market capitalisation stands at around €1.7 billion.
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