That triggered fears among shareholders that companies needing to repay bonds would tap the equity market for the necessary cash, and dilute their shareholding accordingly.
Through 2010, the French company had retained only a 25% shareholding in the team that bears its name, and it has now sold its remaining equity so the outfit is now wholly owned by the Genii Capital private equity group that is running it.
Some form of equity issue is likely in the form of depositary receipts, because Yuksi wants to broaden a shareholding base that will be narrow at first.