Bouygues to use sale proceeds to up stake in Bouygues Telecom

27 Oct 2003

Bouygues is poised to up its equity holding in Bouygues Telecom to 83%, by releasing capital gained from the sale of South East Water. The industrial group is believed to be ready to exercise an option to buy the 10.1% stake held by E.ON in the telecoms company for an estimated EUR610 million.