Goldman Sachs Capital Partners, Montagu Private Equity and West Luxcon Holdings S.A. (a subsidiary of WestLB AG), which directly or indirectly via their respective affiliates own a combined 15.2% of Legrand's share capital, have decided to sell, respectively, up to 11.1, 13.1 and 15.6 million Legrand shares, representing 14.7% of Legrand's share capital, by way of an accelerated bookbuilding (the "Offering"). 

Closing of the bookbuilding and pricing of the Offering will depend on market conditions but are expected to take place within the next 2 days, subject to acceleration. Subsequent to the Offering, Goldman Sachs Capital Partners, Montagu Private Equity and West Luxcon Holdings S.A. will hold a combined residual 0.5% stake in Legrand, and the free float of Legrand will increase from a current 20% to 35%.

The Offering is led by JPMorgan, BNP Paribas and Goldman Sachs as Joint Bookrunning Lead-Managers.