Bouygues shareholders gain windfall

26 Jul 2004

Bouygues will return EUR1.7 billion in cash to its shareholders in a one-off special dividend. The payment of EUR5 per share is equivalent to almost a fifth of the group’s market capitalisation and is one of the largest corporate payouts in France. As well as a stake in France’s third largest wireless operator Bouygues Telecom, Bouygues owns broadcaster TF1, as well as construction and road building interests.