Seeking Alpha

Bouygues to take €1.4B charge on Alstom stake

  • Bouygues (BOUYF) will book a €1.4B ($1.92B) writedown on its 2013 results in connection with its 29.3% holding in Alstom (ALSMY) after the latter's shares slumped 37% in the past year.
  • However, the move will have no effect on the cash position or operating performance of the conglomerate.
  • Bouygues' writedown follows a profit warning from Alstom last last month.
  • Bouygues now values the stake at €3.08B.
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