Calyon Corporate and Deutsche Bank complete €1.2 billion sale of Suez Ordinary Shares by Credit Agricole SA

Client(s) Calyon Corporate and Investment Bank and Deutsche Bank

Jones Day represented Calyon Corporate and Investment Bank and Deutsche Bank in the €1.2 billion (US $1.7 billion) Rule 144A and Regulation S offering by Credit Agricole SA of its entire direct shareholding in Suez. This deal consisted of a block trade by Crédit Agricole SA of its entire 2.07% (or 27,014,040 shares) direct shareholding in Suez through an accelerated bookbuilding process of 1.88% of the capital (or 24,558,219 shares) plus an over-allotment option of 10% of the placement (or 2,455,821 shares) in favor of the joint lead managers.

Calyon acted as sole global coordinator, and Calyon and Deutsche Bank were joint lead managers and bookrunners.