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Hellman & Friedman Sells Out of GTT

Maritime Activity Reports, Inc.

January 27, 2015

Gaztransport & Technigaz S.A. (GTT) announces that H&F Luxembourg 1 S.à.r.l., an affiliate of Hellman & Friedman, has completed the sale of its remaining holding in the share capital of GTT in a private placement to institutional investors. 
 
Hellman & Friedman acquired its stake in GTT in 2008 and became a shareholder alongside Total S.A. and GDF Suez S.A. In February 2014, GTT completed its successful initial public offering (IPO), representing a market capitalization of EUR 1.7 billion.    
 
Patrick Healy, Managing Director and Deputy CEO of Hellman & Friedman said, "The sale of our remaining stake in GTT brings a conclusion to H&F's partnership with GTT starting with our investment in 2008 and the highly successful IPO in February 2014. The excellence of the GTT business and financial profile generated a strong return for all investors without the use of financial leverage.
 

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