BT BT Group PLC

   By Anthony Shevlin 
 

Orange (ORA.FR) said late Thursday that it will sell its remaining stake in telecommunications company BT Group PLC (BT.A.LN).

The French telecommunications company said the sale is of a residual stake of around 248 million shares and represents around 2.5% of the share capital.

BT Group will participate in the share placement with an irreducible order at placement price of 80 million pounds ($101.5 million).

The transaction is expected to be finalized on July 2 and there will be no public offering in any country, Orange said.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

June 28, 2019 01:59 ET (05:59 GMT)

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