Bouygues in hunt for JCDecaux’s Bouygues Telecom stake

20 Sep 2007

French construction, communications and media group Bouygues has told JCDecaux it is looking to acquire the advertising firm’s 10.5% stake in French mobile operator Bouygues Telecom. Thomson Financial, citing an unconfirmed report in the weekly magazine Challenges, says Bouygues’ move comes a week after it raised its equity interest in Bouygues Telecom to 89.5% as a result of its EUR441 million (USD616 million) purchase of BNP Paribas’ stake in the company.

France, Bouygues Telecom