CS finalises the disposal of its Intelligent Transportation Systems (ITS) Activity to Sanef Group


CS announced today the disposal of its Intelligent Transportation Systems (ITS) Activity to Sanef Group, global road service infrastructure provider and in mobility specialist, for an enterprise value of
€ 15m.



The Group had received from Sanef, on August 21st, a binding offer to acquire its Intelligent Transportation Systems Business Unit, for which CS had granted exclusivity until 31 October 2012.

This operation materializes the strategic refocusing of CS and is in line with the process of deleveraging and equity strengthening of the group which will be reinforced by a new shares equity issuance.
CS is a major actor in the design, integration and operation of mission critical systems. CS is listed on the Euronext Paris stock markets - Compartment C (Shares: Euroclear 7896 / ISIN FR 0007317813). For more information, please go to: www.c-s.fr
 
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