Tuesday, August 30, 2011 1:37:47 PM
Position in Alstom is one!
Tue Aug 30, 2011 1:18pm EDT
* H1 results postponed to Aug. 31 at 0500 GMT
* Financial transaction will be announced with earnings
By Elena Berton
PARIS, Aug 30 (Reuters) - Telecoms, media and construction group Bouygues on Tuesday postponed the publication of its first-half results to Wednesday morning when it plans to announce a financial transaction.
"Due to the concomitant announcement of a financial transaction, Bouygues will release its first-half 2011 sale and earnings on Wednesday 31 August at 7am before the Paris stock market opens," the company said in a statement.
Bouygues was due to report first-half earnings at 1545 GMT Tuesday.
An analyst who spoke on condition of anonymity said the announcement was surprising, given that the group's road construction unit Colas reported first-half results on Tuesday as scheduled. He suggested the transaction might involve Bouygues stake in broadcaster TF1 or its 31 percent stake in French power and transport engineering company Alstom .
A spokesman for Alstom declined to comment. A TF1 spokesman said it had no information to provide.
Bouygues shares closed up 1.52 percent at 23.08 euros, giving the company a market capitalisation of 8.45 billion euros ($12.25 billion).
(Reporting by Elena Berton and Gilles Guillaume; Editing by Elaine Hardcastle)
($1=.6897 Euro)
*
Alstom SAALSO.PA
€30.97
+0.06+0.19%
o Bouygues postpones H1 to announce financial deal
More ALSO.PA News »
*
Bouygues SABOUY.PA
€23.08
+0.34+1.52%
o Bouygues postpones H1 to announce financial deal
More BOUY.PA News »
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