GTT ouvre le bal des operations significatives a Paris en 2014

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€621 million raised with market capitalisation at €1.7 billion

Paris – 27 February 2014 – Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), today celebrated the successful listing of GTT (Gaztransport & Technigaz), the world leader in cryogenic membrane containment systems used in the shipbuilding industry for the transport of liquefied natural gas (LNG). GTT was listed in compartment A of the regulated market in Paris.

Created in 1994 by the merger of Gaztransport and Technigaz, GTT offers Mark III and NO 96, its two main membrane containment systems, to the world’s major shipbuilders, allowing them to optimize storage space and reduce the construction and operation costs of ships and tanks. The company also offers engineering, consultancy, training, maintenance assistance and technical services at all stages of LNG production and transport. Over more than 50 years, it has successfully developed innovative technology, a large patent portfolio and a unique store of expertise.

GTT (ticker symbol: GTT) was listed through the admission to trading of 37,028,800 existing shares making up the company’s equity, of which 13,500,000 were sold under a Global Offering[1], before any exercise of the over-allotment option.

The admission and issue price of GTT shares was set at €46 per share. The company’s market capitalisation stood at around €1.7 billion on the issue date, and a total €621 million was raised altogether.

“We welcome GTT to our European market and congratulate the company on its very successful listing,”said Anthony Attia, CEO of Euronext Paris. “Theirs is the first large-scale listing in France this year, opening the way to more. It testifies to the vigour of the Paris financial market and illustrates the French primary market’s rebound that began in 2013.”

Marc Lefèvre, Head of European Business Development and Client Coverage, at Euronext, added “We are delighted to welcome GTT, a flagship of French technology and a world leader in its sector, to our regulated market. The company is an outstanding ambassador for the many French Midcaps that are the nation’s pride worldwide, and it will benefit fully from the excellent services, liquidity and visibility associated with listing on Euronext.”

Philippe Berterottière, GTT’s Chairman and CEO, noted  “Our successful listing in compartment A on Euronext Paris represents a key stage in our business development strategy. Listing will help consolidate our position as a world expert in LNG transport by bringing us greater recognition and visibility.”



[1]The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.

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