could soon join the CAC40. With a market capitalization of 10.7 billion euros, the company goes beyond Xavier Niel ST Microelectronics -5.7 billion-but-Accor and Bouygues -6500000000 -7600000000 … And it turns out that a quarterly review of the benchmark index of the Paris market could be unveiled on Friday after market close. The perfect opportunity to get Free? Not so sure …
While the scientific council is trying to preserve the technology stocks in the CAC 40. Alcatel-Lucent has left the index in December and ST Microelectronics could take the same path. All this militates for entering Iliad-Free … if Dassault Systèmes was not a serious contender again. Capitalization exceeding 12 billion euros. Especially in the eyes of “wise men” of the Paris Stock Exchange, the company Dassault has an important advantage: the proportion of capital that is floating
Serge Dassault more impatient than Xavier. Niel
Niel alone holds 58.6% of the telecom operator when he founded the Dassault Group and Edelstenne accumulate only 47.7%. Management of Free considers, for its part, need to see a virtue. “With 100% free float, we would never have been able to get into the mobile,” Judge Thomas Reynaud, the financial director of Iliad, which welcomes the passage the presence of Anglo-Saxon funds. They currently hold more than half of the floating capital. “They believed in us from 2010-2011,” he notes
One last more psychological factors may also be important:. Serge Dassault is more eager to see the company integrate the CAC40 Xavier Niel is not. It is always suspicious of Spotlights. “It might even refuse entry if it was decided,” fun Maxime Lombardini, CEO of the Iliad in the presentation of results. Except maybe if it was done at the expense of its competitor, the Bouygues group …
