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.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs